Insurer AIG, which was saved by the United States government in 2008, has posted a loss for the last three months of 2009.
The insurer said it made a net loss of $US9 billion in the fourth quarter, compared with a loss of $US62.6 billion in the same period in 2008. The loss follows two quarters of profits.
The insurer made a net loss of $US12.3 billion for the whole of 2009. In 2008, it lost more than $US100 billion.
AIG was bailed out by the federal government in 2008 and is now 80% owned by it. In total, it has received $US182.5 billion in government funding.
The BBC reports the loss was primarily a result of the $US25 billion in credit that was available from the Federal Reserve Bank of New York.
As of 30 September, AIG owed the US government $US85.66 billion in loans and interest.
It has reduced that to $US60 billion by amending the terms of its loan facility with the Federal Bank of New York.
