Tom Gallagher

American politician

1. Their view is they will win on the investment side. They have better investment capabilities and they see how conservative the traditional life companies are.

   Tom Gallagher · The Real Eisman Playbook · Is Private Equity Destroying the Life Insurance Industry? | The Real Eisman Playbook Ep 64 · 2026-06-15

2. I have not found a smoking gun in Apollo or KKR portfolios. You're not finding the 10–11% floating-rate debt in software companies that the BDCs have.

   Tom Gallagher · The Real Eisman Playbook · Is Private Equity Destroying the Life Insurance Industry? | The Real Eisman Playbook Ep 64 · 2026-06-15

3. They were selling 20-year duration guarantees and managing it on the asset side with 3-month assets. That was mismatched.

   Tom Gallagher · The Real Eisman Playbook · Is Private Equity Destroying the Life Insurance Industry? | The Real Eisman Playbook Ep 64 · 2026-06-15

• $MET MetLife — 1 mention
• $MFC Manulife — 1 mention
• $UNM Unum Group — 1 mention
• $BX Blackstone — 1 mention
• $CRBG Corebridge — 1 mention
• $TRV Travelers — 1 mention
• $CB Chubb — 1 mention
• $BHF Brighthouse — 1 mention
• The Real Eisman Playbook · Is Private Equity Destroying the Life Insurance Industry? | The Real Eisman Playbook Ep 64 · 2026-06-15