October 22, 2014 11:04 AM ET

Insurance

Company Overview of Allstate Life Insurance Company

Company Overview

Allstate Life Insurance Company, together with its subsidiaries, provides life insurance, and voluntary accident and health insurance products. The company offers term, whole life, variable life, and interest-sensitive insurance products to middle market and mass affluent consumers with retirement and family financial protection needs through agencies and financial specialists. It also provides workplace life, and voluntary accident and health insurance products, such as interest-sensitive and term life; disability income; and cancer, accident, and critical illness insurance products to middle market consumers through workplace enrolling independent agents. Allstate Life Insurance Company ha...

3100 Sanders Road

Northbrook, IL 60062

United States

Founded in 1957

Phone:

847-402-5000

Key Executives for Allstate Life Insurance Company

Chief Executive Officer
Age: 52
Chief Financial Officer
President of Allstate Auto
Age: 56
President of Allstate Protection
Age: 44
Chief Investment Officer
Age: 68
Compensation as of Fiscal Year 2014.

Allstate Life Insurance Company Key Developments

Allstate Life Insurance Company, Allstate Insurance Company, and the Allstate Corporation Enter into Amendment No. 1 to Credit Agreement

On April 27, 2014, Allstate Life Insurance Company, Allstate Insurance Company, and The Allstate Corporation, as borrowers, entered into Amendment No. 1 to Credit Agreement with the lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent. The underlying credit agreement, dated as of April 27, 2012, had an initial maturity date of April 27, 2017, with two one-year extensions of such maturity date that could be exercised in the first and second year of the facility upon approval of existing or replacement lenders. Pursuant to the Credit Agreement Amendment, the underlying credit agreement now provides, among other things, for an initial maturity date of April 27, 2019, with two one-year extensions of such maturity date that can be exercised in the first and second year following the date of such amendment upon approval of existing or replacement lenders.

Allstate Life Insurance Company Reports Consolidated Earnings Results for the Year Ended December 31, 2013

Allstate Life Insurance Company reported consolidated earnings results for the year ended December 31, 2013. For the year, the company reported net loss of $38 million on revenues of $4,228 million compared to net income of $426 million on revenues of $4,203 million for the prior year. Loss from operations before income tax expense was $19 million against income from operations before income tax expense of $179 million of prior year. Return on share holders equity was negative 0.6% against 6.4% of prior year. Operating income was $454 million against $416 million a year ago. Premiums were $613 million compared to $593 million a year ago. Net investment income was $2,485 million compared to $2,597 million a year ago.

Allstate Life Insurance Company Reports Consolidated Earnings Results for the Year Ended December 31, 2012

Allstate Life Insurance Company reported consolidated earnings results for the year ended December 31, 2012. For the year, the company reported net income of $426 million on revenues of $4,203 million compared to net income of $469 million on revenues of $4,659 million for the prior year. Income from operations before income tax expense was $605 million against $694 million of prior year. Return on share holders equity was 6.4% against 8.2% of prior year.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 25, 2014
Berkshires at Lowry (Denver), Ponderosa Villas (Aurora) and Carriages at Fairwood Downs (Renton)
 

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