Insurer AIG, which was saved by the US government in 2008, has posted a loss in the last three months of 2009.
The insurer said it made a net loss of $9bn (£5.9bn) in the fourth quarter, compared with a $62.6bn loss in the same period in 2008.
AIG made a loss following two quarters of profits. Boss Robert Benmosche had previously warned of more "volatility" in terms of profits.
The insurer made a net loss of $12.3bn for the whole of 2009.
In 2008, it lost more than $100bn.
AIG was bailed out by the US government in 2008 and is now 80% owned by it. In total, the firm has received $182.5bn of government funding.
The loss was primarily a result of the $25bn in credit that was available from the Federal Reserve Bank of New York.
As of 30 September, AIG owed the US government $85.66bn in loans and interest.
It said that it had reduced that to $60bn by amending the terms of its loan facility with the Federal Bank of New York.