Aug
06
MetLife Says Fixed-Income Energy Risk Reduced to $14 Billion
ByMetLife Inc., the largest U.S. life insurer, said its exposure to fixed-income energyINVESTMENTS
fell to $14 billion at June 30 from $14.9 billion at the end of March.
The latest figure includes $13.8 billion of securities and $210 million of credit-default swaps, MetLife said Thursday in a regulatory filing. Unrealized gains on the holdings narrowed to $852 million at the end of June from $1.2 billion three months earlier.
MetLife, which has a portfolio of about $500 billion, has been increasing disclosure ofINVESTMENTS tied to potentially risky regions or industries. In recent quarters, the insurer reported reducing holdings in Russia and Ukraine…
MetLife Says Fixed-Income Energy Risk Reduced to $14 Billion
