Sign in

    Tom Gallagher

    Senior Managing Director and Senior Equity Analyst at Evercore ISI

    Tom Gallagher is a Senior Managing Director and Senior Equity Analyst at Evercore ISI, specializing in U.S. life insurance sector research with coverage of companies such as Sun Life Financial Inc, Brighthouse Financial Inc, and several other industry leaders. Gallagher has maintained a success rate of 58.14% and an average return of 3.45 stars on analyst ranking platforms, consistently earning top positions on the Institutional Investor All-America Research Team from 2010, most recently ranked No. 1 in his sector from 2022 to 2024. He began his career as a ratings agency analyst at Moody’s and a fixed income analyst at TIAA-CREF before holding senior roles at KBW, Dresdner Kleinwort Wasserstein, Legg Mason, and Credit Suisse, ultimately joining Evercore ISI. Gallagher holds an MBA from Fordham University, a BA in economics from Rutgers University, and maintains Chartered Financial Analyst (CFA) credentials.

    Tom Gallagher's questions to Unum (UNM) leadership

    Tom Gallagher's questions to Unum (UNM) leadership • Q2 2025

    Question

    Questioned the risk of long-term care (LTC) incidence trends being permanently revised higher in the next actuarial review and challenged the sustainability of the low 62% disability loss ratio, which is significantly better than pre-pandemic levels and peers.

    Answer

    Management declined to preview the LTC review results but emphasized the large statutory reserve buffer. For disability, they expressed confidence in the sustainability of the low loss ratio, attributing it to their best-in-class claims management operations and a sales approach focused on integrated solutions rather than just price, which supports fair returns.

    Ask Fintool Equity Research AI