The New York based Insurer AIG recently posted fourth-quarter loss amounting to a mind-boggling $9 billion, largely due to costs associated with selling off large stakes in its insurance businesses to reduce the debt that the company owes to taxpayers.

However, analysts believe that the company has been able to turn its financial situation around in a short span of time.

Prior to the quarter gone by, AIG had recorded two profitable quarters in a row and the last quarter was a loss making largely owing to the billions of dollars in restructuring costs that the company logged in under the same period. However, the company believes that the cost incurred in the restructuring process will help in stabilizing its insurance businesses and help it pay back its debt to the U. S. government.

The insurer received a bailout worth $181 billion from the Fed and the Treasury beginning when the banking and financial service industry fell down in the beginning of 2008. In fact, these restructuring costs may prove to be a blip in company's financial in the near term but AIG is confident of a bright and prosperous future ahead.