AIG has already repurchased about $9.7 billion shares this year. (Photo: Thinkstock)

(Bloomberg) — American International Group Inc., the insurer pressured by activist investor Carl Icahn to boost returns, announced a plan to repurchase another $3 billion of shares.

The move lifts to $4.3 billion the amount that the company is authorized to buy back, New York-based AIG said Wednesday in a statement. AIG said it has already repurchased about $9.7 billion this year through Tuesday.

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