"The U.S. Treasury Department and the Federal Reserve Board today announced a restructuring of the government's assistance to AIG in order to stabilize this systemically important company in a manner that best protects the U.S. taxpayer," the agencies said in a joint statement. "Specifically, the government's restructuring is designed to enhance the company's capital and liquidity in order to facilitate the orderly completion of the company's global divestiture program." In the fourth quarter, AIG's general insurance business swung to a loss on $2.8 billion in net realized capital losses. General insurance net premiums dropped 16.3% to $9.2 billion, and net premiums earned fell 5.9% to nearly $11 billion. Adjusted to exclude certain items, operating losses totaled $37.9 billion, or $14.17 a share, vs. a loss of $3.2 billion, or $1.25 a share, last year. The fourth-quarter results drastically fell short of estimates. Analysts surveyed by Thomson Reuters, on average, forecast a loss estimate of 37 cents a share on revenue of $24.82 billion. AIG said it reported a full-year 2008 loss of $99.3 billion, or $37.84 a share, as it felt the brunt of continued "severe" credit market deterioration and charges related to its restructuring.