(Bloomberg) -- MetLife Chief Executive Steve Kandarian has a $350 billion problem.

That’s the value of the fixed-income investments held by his company, the largest U.S. life insurer. When bonds mature, which happens a lot in a portfolio of that size, he typically has to reinvest at rates that have been suppressed by years of central bank stimulus policies.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.