American International Group's recapitalization efforts have resulted in the insurance giant nearly halving its debt and preferred equity/total capital ratio to 41.6 percent in 2011 compared to 81.2 percent in 2010, according to a Fitch Ratings Special Report on financial leverage for P&C insurers.
"During 2011, AIG took various steps to recapitalize and reduce the federal government's interest in the company," says Fitch.
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