NEW YORK (AP) _ American International Group Inc. (AIG) on Thursday reported first-quarter net income of $3.88 billion.

The New York-based company said it had profit of $4.41 per share. Earnings, adjusted for non-recurring gains, came to $1.05 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 99 cents per share.

The insurer posted revenue of $14.45 billion in the period. Its adjusted revenue was $10.62 billion.

American International Group shares have increased 33% since the beginning of the year, while the S&P's 500 index has risen 12%. In the final minutes of trading on Thursday, shares hit $50.17, more than doubling in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIG at https://www.zacks.com/ap/AIG

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