Insurance company AIG has said it lost $8.87 billion in the fourth quarter, due to lack of general insurance business.
While the fourth-quarter results were an improvement from the $61.7 billion AIG lost in the period, a year ago, they were worse than analysts expected and followed two straight profitable quarters.
The company said while general insurance had remained weak, AIG had also run up expenses from paying back government loans.
In its annual regulatory filing with the US government, AIG said it may need additional support from the government, for its insurance business to become stronger for the company to be independent from US government assistance.
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