UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: MARCH 31, 2007
Check here if Amendment |_|; Amendment Number: ______
This Amendment (Check only one.): |_| is a restatement.
|_| adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: ALLSTATE LIFE INSURANCE COMPANY
Address: 3075 SANDERS ROAD, SUITE G4A
NORTHBROOK, IL. 60062-7127
Form 13F File Number: 28-01037
The institutional manager filing this report and the person by whom it is signed
hereby represent that the person signing the report is authorized to submit it,
that all information contained herein is true, correct and complete, and that it
is understood that all required items, statements, schedules, lists, and tables,
are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: JAMES ZILS
Title: VICE PRESIDENT INVESTMENT OPERATIONS
Phone: 847-402-3073
Signature, Place, and Date of Signing:
/s/ JAMES ZILS NORTHBROOK, IL. 05/10/2007
------------------------ ------------------- --------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
|x| 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
|_| 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).).)
|_| 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported
by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: ONE
Form 13F Information Table Entry Total: 71
Form 13F Information Table Value Total: 391,362 (THOUSAND)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
No. Form 13F File Number Name
1 028-10298 ALLSTATE INVESTMENTS LLC
FORM 13F REPORT
NAME OF REPORTING MANAGER: ALLSTATE LIFE INSURANCE COMPANY
TITLE OF VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ---------------------------------- -------- --------- -------- ----------- --- ---- ------- -------- ---- ------ ----
DIAMOND OFFSHORE DRILLING INC COMMON 25271C102 1,659 20,500 SH DEFINED 1 X
DUKE ENERGY CORP COMMON 26441C105 1,217 60,000 SH DEFINED 1 X
PPL CORPORATION COMMON 69351T106 3,272 80,000 SH DEFINED 1 X
REINSURANCE GROUP AMERICA INC COMMON 759351109 1,657 28,700 SH DEFINED 1 X
SVB FINANCIAL GROUP COMMON 78486Q101 2,721 56,000 SH DEFINED 1 X
TRAVELERS PPTY CASUALTY REDEEMABLE
P/S 89420G307 9,708 381,000 SH DEFINED 1 X
3M COMPANY 0% 11/21/2032 DEBT 88579YAB7 13,122 14,600,000 PRN DEFINED 1 X
AFFILIATED MANAGERS GRP 2.793750%
02/25/2033 DEBT 008252AE8 932 350,000 PRN DEFINED 1 X
ALLERGAN INC 1.500000% 04/01/2026 DEBT 018490AL6 3,143 3,000,000 PRN DEFINED 1 X
ALZA CORP 0% 07/28/2020 DEBT 02261WAB5 4,138 5,000,000 PRN DEFINED 1 X
AMDOCS LIMITED .500000% 03/15/2024 DEBT 02342TAD1 5,764 5,750,000 PRN DEFINED 1 X
AMERICAN FINANCIAL GROUP 1.486100%
06/02/2033 DEBT 025932AD6 4,700 8,000,000 PRN DEFINED 1 X
AMERICAN INTL GROUP .500000%
05/15/2007 DEBT 026874AN7 2,597 2,650,000 PRN DEFINED 1 X
AMGEN INC .375000% 02/01/2013 DEBT 031162AQ3 1,800 2,000,000 PRN DEFINED 1 X
AON CORP 3.500000% 11/15/2012 DEBT 037389AT0 665 375,000 PRN DEFINED 1 X
BEST BUY 2.250000% 01/15/2022 DEBT 086516AF8 7,840 7,000,000 PRN DEFINED 1 X
BLACKROCK INC 2.625000% 02/15/2035 DEBT 09247XAB7 4,770 3,000,000 PRN DEFINED 1 X
BRISTOL-MYERS SQUIBB 2.510000%
09/15/2023 DEBT 110122AN8 14,105 14,000,000 PRN DEFINED 1 X
CAMERON INTL CORP 2.500000%
06/15/2026 DEBT 13342BAB1 11,513 10,000,000 PRN DEFINED 1 X
CARNIVAL CORP 1.132000% 04/29/2033 DEBT 143658AV4 10,096 14,500,000 PRN DEFINED 1 X
CARNIVAL CORP 2.000000% 04/15/2021 DEBT 143658AN2 5,294 4,300,000 PRN DEFINED 1 X
CENTERPOINT ENERGY INC 3.750000%
05/15/2023 DEBT 15189TAM9 9,714 6,100,000 PRN DEFINED 1 X
CENTURYTEL INC 4.750000%
08/01/2032 DEBT 156700AH9 1,734 1,500,000 PRN DEFINED 1 X
COOPER CAMERON CORP 1.500000%
05/15/2024 DEBT 216640AE2 1,389 750,000 PRN DEFINED 1 X
COSTCO WHOLESALE CORP 0% 08/19/2017 DEBT 22160QAC6 391 320,000 PRN DEFINED 1 X
CSX CORP 0% 10/30/2021 DEBT 126408GA5 11,125 7,800,000 PRN DEFINED 1 X
DANAHER CORP 0% 01/22/2021 DEBT 235851AF9 9,868 9,500,000 PRN DEFINED 1 X
DEVON ENERGY CORPORATION 4.900000%
08/15/2008 DEBT 25179MAA1 9,059 6,500,000 PRN DEFINED 1 X
DEVON ENERGY CORPORATION 4.950000%
08/15/2008 DEBT 25179MAB9 1,533 1,100,000 PRN DEFINED 1 X
DOMINION RESOURCES INC 2.125000%
12/15/2023 DEBT 25746UAT6 5,451 4,500,000 PRN DEFINED 1 X
ELECTRONCIS FOR IMAGING 1.500000%
06/01/2023 DEBT 286082AA0 1,043 1,000,000 PRN DEFINED 1 X
FISHER SCIENTIFIC INTL 3.250000%
03/01/2024 DEBT 338032AX3 6,763 5,000,000 PRN DEFINED 1 X
FLUOR CORP 1.500000% 02/15/2024 DEBT 343412AA0 8,944 5,500,000 PRN DEFINED 1 X
FOUR SEASONS HTL 1.875000%
07/30/2024 DEBT 35100EAE4 2,408 2,000,000 PRN DEFINED 1 X
GENZYME CORP 1.250000% 12/01/2023 DEBT 372917AN4 6,987 6,800,000 PRN DEFINED 1 X
HARRIS CORP 3.500000% 08/15/2022 DEBT 413875AH8 676 300,000 PRN DEFINED 1 X
HASBRO INC 2.750000% 12/01/2021 DEBT 418056AN7 3,131 2,350,000 PRN DEFINED 1 X
HCC INSURANCE HOLDINGS 1.300000%
04/01/2023 DEBT 404132AB8 7,937 5,825,000 PRN DEFINED 1 X
HEALTH MANAGEMENT ASSOC 1.500000%
08/01/2023 DEBT 421933AF9 1,616 1,500,000 PRN DEFINED 1 X
HENRY SCHEIN INC 3.000000%
08/15/2034 DEBT 806407AB8 461 350,000 PRN DEFINED 1 X
HEWLETT-PACKARD CO 0% 10/14/2017 DEBT 428236AC7 3,953 5,500,000 PRN DEFINED 1 X
INTEL CORP 2.950000% 12/15/2035 DEBT 458140AD2 3,330 3,850,000 PRN DEFINED 1 X
IVAX CORP 4.500000% 05/15/2008 DEBT 465823AG7 3,023 3,000,000 PRN DEFINED 1 X
LABORATORY CORP AMERICA HOLDINGS DEBT 50540RAG7 12,103 12,350,000 PRN DEFINED 1 X
LANDAMERICA FINANCIAL GR 3.125000%
11/15/2033 DEBT 514936AB9 1,787 1,500,000 PRN DEFINED 1 X
LANDAMERICA FINANCIAL GR 3.250000%
05/15/2034 DEBT 514936AD5 1,460 1,000,000 PRN DEFINED 1 X
LEHMAN BROTHERS HOLDINGS .250000%
05/08/2010 DEBT 524908FN5 1,440 1,500,000 PRN DEFINED 1 X
LIBERTY MEDIA CORP 3.250000%
03/15/2031 DEBT 530715AR2 1,673 2,000,000 PRN DEFINED 1 X
LOCKHEED MARTIN CORP 3.018130%
08/15/2033 DEBT 539830AP4 11,089 8,000,000 PRN DEFINED 1 X
LOWE'S COMPANIES INC .861000%
10/19/2021 DEBT 548661CG0 10,163 9,250,000 PRN DEFINED 1 X
MANOR CARE INC 2.125000%
08/01/2035 DEBT 564055AM3 11,684 9,200,000 PRN DEFINED 1 X
MEDIMMUNE INC 1.375000% 07/15/2011 DEBT 584699AG7 1,228 1,000,000 PRN DEFINED 1 X
MEDTRONIC INC 1.625000% 04/15/2013 DEBT 585055AM8 3,579 3,500,000 PRN DEFINED 1 X
MERRILL LYNCH & CO 0% 03/13/2032 DEBT 590188W46 10,916 9,000,000 PRN DEFINED 1 X
MYLAN LABORATORIES INC 1.250000%
03/15/2012 DEBT 628530AG2 2,675 2,500,000 PRN DEFINED 1 X
NABORS INDUSTRIES INC 0%
06/15/2023 DEBT 629568AL0 1,028 1,000,000 PRN DEFINED 1 X
NEXTEL COMMUNIC DEBT 65332VAY9 9,677 9,750,000 PRN DEFINED 1 X
OMNICOM GROUP 0% 07/01/2038 DEBT 681919AT3 9,116 8,500,000 PRN DEFINED 1 X
PRUDENTIAL FINANCIAL INC 1.988750%
11/15/2035 DEBT 744320AC6 3,496 3,400,000 PRN DEFINED 1 X
RPM INTERNATIONAL INC. 1.389000%
05/13/2033 DEBT 749685AK9 3,715 5,850,000 PRN DEFINED 1 X
SCHLUMBERGER LIMITED 2.125000%
06/01/2023 DEBT 806857AD0 1,058 600,000 PRN DEFINED 1 X
SLM CORP 3.110630% 07/25/2035 DEBT 78442PAC0 9,960 10,000,000 PRN DEFINED 1 X
TEVA PHARMACEUT FIN BV .375000%
11/15/2022 DEBT 88164MAB4 1,740 1,000,000 PRN DEFINED 1 X
TEVA PHARMACEUT FIN BV 1.750000%
02/01/2026 DEBT 88165FAA0 2,918 3,000,000 PRN DEFINED 1 X
TEVA PHARMACEUT FIN LLC .250000%
02/01/2024 DEBT 88164RAB3 4,218 3,700,000 PRN DEFINED 1 X
TJX COMPANIES INC 0% 02/13/2021 DEBT 872540AL3 6,750 7,500,000 PRN DEFINED 1 X
TRANSOCEAN INC 1.500000%
05/15/2021 DEBT 893830AD1 7,313 6,250,000 PRN DEFINED 1 X
TYCO INTL GROUP SA 3.125000%
01/15/2023 DEBT 902118BG2 11,466 7,800,000 PRN DEFINED 1 X
WALT DISNEY COMPANY 2.125000%
04/15/2023 DEBT 254687AU0 11,483 9,500,000 PRN DEFINED 1 X
WELLS FARGO COMPANY 4.898750%
05/01/2033 DEBT 949746FA4 11,721 11,750,000 PRN DEFINED 1 X
WYETH 2.390000% 01/15/2024 DEBT 983024AD2 14,660 13,750,000 PRN DEFINED 1 X
"STOCK" 6 20,234 626,200
DEBT 65 371,127 339,720,000
REPORT TOTALS 71 391,362 340,346,200
