NEW YORK (AP) — NEW YORK (AP) — American International Group Inc. (AIG) on Tuesday reported fourth-quarter earnings of $93 million.

On a per-share basis, the New York-based company said it had net income of 12 cents. Earnings, adjusted for non-recurring costs, were $1.79 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.

The insurer posted revenue of $9.83 billion in the period. Its adjusted revenue was $12.72 billion, also beating Street forecasts. Three analysts surveyed by Zacks expected $11.6 billion.

For the year, the company reported profit of $3.64 billion, or $4.98 per share. Revenue was reported as $49.59 billion.

American International Group shares have increased 3.5% since the beginning of the year, while the S&P's 500 index has increased roughly 4%. In the final minutes of trading on Tuesday, shares hit $70.09, an increase of 13% in the last 12 months.

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