AIG said Thursday that its net income, after paying preferred dividends, climbed to $3.2 billion, or $1.71 a share, in the three months ended March 31.
That compares to net income of $1.3 billion, or 31 cents a share, in the same period last year.
The New York-based company's gains were driven mainly by improved performance at its Chartis and SunAmerica units.
AIG also recorded a $1.3 billion increase in the fair value of its interest in a limited-liability company formed by the Federal Reserve as a lending vehicle following the 2008 financial crisis.
