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April 28, 2015 8:06 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, Director and President of The Allstate Corporation
Age: 56
President and Director
Age: 52
Chief Financial Officer, Senior Vice President and Director
President of Allstate Protection
Age: 44
Chief Investment Officer, Senior Vice President and Director
Age: 68
Compensation as of Fiscal Year 2014.

Allstate Life Insurance Company Key Developments

Allstate Life Insurance Company Reports Consolidated Earnings Results for the Year Ended December 31, 2014

Allstate Life Insurance Company reported consolidated earnings results for the year ended December 31, 2014. For the period, the company reported premiums of $589 million against $613 million a year ago. Income from operations before income tax expense was $759 million against loss from operations before income tax expense of $19 million a year ago. Net income was $526 million against net loss of $38 million a year ago. Operating income was $481 million against $454 million a year ago. Return on shareholder's equity was 8.5% against negative return on shareholder's equity of 0.6%.

Allstate Life Insurance Company Appoints Matt Winter as Chief Executive Officer, Effective January 5, 2015

The Allstate Corporation announced organizational and leadership changes to align with its customer-focused strategy, improve operational effectiveness and leverage management talent. Matt Winter is being promoted to chief executive officer of Allstate Life Insurance Company, from his current role as president, Allstate Personal Lines. Winter retains responsibility for the Allstate branded property-casualty business and will integrate Allstate's life insurance operations into Allstate Personal Lines. He will continue to report to Wilson, who remains chairman and chief executive officer. Winter joined Allstate in 2009 as president and CEO of Allstate Financial and has held senior leadership positions with American International Group, Massachusetts Mutual Life and Connecticut Mutual Life Insurance Company, effective January 5, 2015.

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.

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