NEW YORK (AP) _ American International Group Inc. (AIG) on Thursday reported second-quarter net income of $99 million, after reporting a loss in the same period a year earlier.

The New York-based company said it had profit of 11 cents per share. Earnings, adjusted for non-recurring costs, were $1.52 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.

The insurer posted revenue of $10.68 billion in the period. Its adjusted revenue was $11.99 billion.

American International Group shares have climbed 28% since the beginning of the year, while the S&P's 500 index has climbed 18%. In the final minutes of trading on Thursday, shares hit $48.55, a climb of 61% 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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