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 of investments tied to potentially risky regions or industries. In recent quarters, the insurer reported reducing holdings in Russia and Ukraine.
“There also has been an increased focus on energy-sector investments as a result of lower oil prices,” the New York-based insurer said in the filing. “We do not expect general account investments in these countries or the energy sector to have a material adverse effect on our results.” The insurer also said that it continually monitors and adjusts its portfolio.