Bailed-out US insurance giant may need more support
The company has tried to sell off large stakes in its insurance businesses to reduce its debt to taxpayers.
However, the huge net loss was quite an improvement in comparison with 2008, when AIG had nearly a $US 62 billion deficit.
The former head of the Federal Reserve Bank, Paul Volcker, said the reason why AIG initially faced those problems was the lack of federal and state regulation.
He said regulators completely missed out on credit default swaps that were dealt with by AIG.