Financial Services >> Analyst Interviews >> June 26, 2025

Life Insurers Trading at Discount to Other Financials and Broader Market

Gallagher, Thomas
Thomas Gallagher, CFA, is a Senior Managing Director at Evercore ISI covering the U.S. life insurance sector. Mr. Gallagher’s achievements include being consistently ranked as part of the Institutional Investor (now Extel) All-America Research Team since 2010. He was top ranked in his sector from 2022 to 2024 and earned a No. 2 position from 2018 to 2021. Previously, Mr. Gallagher was the U.S. financials and the global insurance sector head covering the U.S. life insurance sector at Credit Suisse. He also covered the life insurance industry as a research analyst at Legg Mason, Dresdner Kleinwort Wasserstein, and KBW. Earlier in his career, he was a ratings agency analyst at Moody’s as well as a fixed income analyst on the buy-side for TIAA-CREF. Mr. Gallagher holds an MBA from Fordham University and a B.A. in economics from Rutgers. He is a chartered financial analyst. Profile
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TWST: Please introduce your firm, your focus and a look at your overall coverage?

Mr. Gallagher: Evercore ISI is both an investment banking