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American International Group repaid another $6.9 billion of its bailout Tuesday, the U.S. Treasury said.

With that payment, the Treasury said it has now recovered 70 percent of the $411 billion distributed under the crisis-era Troubled Asset Relief Program, or TARP.

ÌìÃÀÍøÕ¾´«Ã½´«Ã½ paid the Treasury $6.6 billion from the proceeds of its sale of shares in insurer MetLife, shares it acquired when it sold its international unit Alico to MetLife last year. ÌìÃÀÍøÕ¾´«Ã½´«Ã½ paid Treasury another $300 million in funds it had retained for expenses related to the Alico deal.

After those payments, the Treasury still holds about $11.3 billion in preferred interests in ÌìÃÀÍøÕ¾´«Ã½´«Ã½. It also owns about 92 percent of ÌìÃÀÍøÕ¾´«Ã½´«Ã½’s common stock.

At Tuesday’s closing share price, the sale of that stock would generate a profit for the taxpayer of about $14.22 billion. The Treasury said it expects taxpayers to recover “every dollar” of ÌìÃÀÍøÕ¾´«Ã½´«Ã½’s bailout, which at one point swelled to $182 billion.

Of the TARP funds still outstanding, about 70 percent are concentrated in ÌìÃÀÍøÕ¾´«Ã½´«Ã½, finance company Ally Financial and automaker General Motors.

Any ultimate profit on the ÌìÃÀÍøÕ¾´«Ã½´«Ã½ shares would help offset any possible loss from the sale of the auto businesses.

(Reporting by Ben Berkowitz, editing by Matthew Lewis)

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