04:51 PM EDT, 05/01/2024 (MT Newswires) -- American International Group ( AIG ) late Wednesday reported Q1 adjusted net income per diluted share of $1.77, up from $1.63 last year.

Analysts polled by Capital IQ expected $1.66 per share.

Net investment income for the quarter ended March 31 was $3.9 billion, up from $3.53 billion a year earlier.

The company said its board approved an increase to the share buyback authorization up to $10 billion.

The company's board also raised its quarterly dividend by 11% to $0.40 per share, payable June 28 to shareholders of record on June 14.

Shares of American International Group ( AIG ) were up 1.2% in after-hours activity.

Price: 76.75, Change: +0.94, Percent Change: +1.24