NEW YORK (Bloomberg) — American International Group chief executive officer Robert Benmosche said the insurer's net income of $1.45 billion in the first three months of 2010 are a sign of progress at the bailed-out company.

"First-quarter results show you that our operating companies are performing well, and you can see that across the board," Benmosche said yesterday at AIG's annual shareholder meeting in New York. "We're seeing better retention of our business, better retention of our employees, and you see our customers are coming back as our sales are going up."