After previously receiving a commitment from the government for $150 billion, the insurer will reportedly receive up to a $30 billion equity line in the latest round of assistance.
This news come after the fact that AIG reported Monday a $62 billion quarterly loss. The company blamed the losses on the continued deterioration in the credit markets and charges related to its restructuring.
The company's loss for the full year rings in at $99 billion. That is after the company reported a profit in 2007 of more than $9 billion.
One of the goals of the reworked bailout plan is to assist AIG's financial position by, among other things, decreasing the interest it gives the government on its loans.
The Treasury Department in turn will exchange its existing $40 billion preferred shares stake for shares that more closely look like common stock.