American Intl reported Q3 FY 2016 earnings of $1.23 per share (versus $0.52 in Q3 FY 2015), beating analysts' consensus estimate of $1.20.

In addition, the company announced its Board of Directors authorized an additional increase to its previous repurchase authorization of AIG common stock of $3.0 bln, resulting in an aggregate remaining authorization on such date of approximately $4.4 bln. AIG's Board of Directors also declared a cash dividend on AIG Common Stock of $0.32 per share, payable on December 22, 2016 to shareholders of record on December 8, 2016.

AIG closed Wednesday's trading session at $60.55 (-0.21%).