Mr. Benmosche pointed to the ability of International Lease Finance Corp.--an airplane leasing unit owned by AIG--to raise $4 billion in debt and the strong performance of AIG operating companies as further signs of the company's return to health.

"And you see our customers coming back," Mr. Benmosche said.

He said the company is also continuing to de-risk its Financial Products unit--the unit at the heart of the company's near-collapse that led to government intervention in 2008.

Mr. Benmosche thanked the Federal Reserve and U.S. Treasury for being "partners as well as overseers."

Asked by a shareholder if the company can continue profitability, Mr. Benmosche said because the company operates in a "world of complex accounting," there may be some volatility in the bottom line net income going forward, but he said the company's core businesses will continue on a trend of profitability.

Responding to a shareholder question about whether AIG may have been harmed in its prior dealings with Goldman Sachs, Mr. Benmosche said AIG's legal staff and lawyers will look at all of its actions with Goldman, and if they find AIG was wronged, he said the company will take action.

AIG chairman Harvey Golub said Goldman is a fine firm that does a lot of things well, and he said AIG will use them in instances where AIG feels it can benefit. He said in instances where the company can get better service with other firms, it will go that route. "We deal with most banking firms," he said.

His comments, came after a stockholder asked about a May 6 New York Times report that AIG replaced Goldman as its main corporate adviser.

Also at the meeting, shareholders voted in favor of re-electing the company's board members, in favor of a non-binding shareholder resolution on executive compensation, in favor of AIG's 2010 stock incentive plan, and in favor of the selection of PricewaterhouseCoopers LLP as AIG's independent registered public accounting firm for 2010.

All three shareholder proposals, which were opposed by the board of directors, were voted down.

One would have instituted cumulative voting by shareholders, a second would have required senior executives to retain 75 percent of all equity-based compensation for at least two years following their departure from the company, and the third would have required annual shareholder ratification of the company's political spending.