MetLife posted its biggest quarterly loss in at least a decade after shifts in financial markets fuelled by Donald Trump’s election victory triggered a $3.2bn hit to its derivatives portfolio. Steven Kandarian, chairman and chief executive said the biggest US insurer by assets was reviewing protection it had taken out against low interest rates after the company appeared to be taken off guard by rising bond yields. 

Could MetLife be considered to have made a mistake with their hedging policy given these reported record losses?