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, 2008
Check here if Amendment |_|; Amendment Number:
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This Amendment (Check only one.): |_| is a restatement.
|_| adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: ALLSTATE LIFE INSURANCE COMPANY
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Address: 3075 SANDERS ROAD, SUITE G4A
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NORTHBROOK, IL. 60062-7127
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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: PAUL SCHUTT
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Title: ASSISTANT VICE PRESIDENT INVESTMENT OPERATIONS
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Phone: 847-402-5169
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Signature, Place, and Date of Signing:
/s/ PAUL SCHUTT NORTHBROOK,IL. 4/29/08
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[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
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Form 13F Information Table Entry Total: 57
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Form 13F Information Table Value Total: 382,678 (THOUSAND)
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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
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FORM 13F REPORT
NAME OF REPORTING MANAGER: ALLSTATE LIFE INSURANCE COMPANY
TITLE VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
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NORTHROP GRUMMAN CORP COMMON 666807102 5,447 70,000 SH DEFINED 1 X
REINSURANCE GROUP AMERICA INC COMMON 759351109 5,988 110,000 SH DEFINED 1 X
SVB FINANCIAL GROUP COMMON 78486Q101 3,055 70,000 SH DEFINED 1 X
TRAVELERS COMPANIES INC COMMON 89417E109 479 10,000 SH DEFINED 1 X
ALLERGAN INC 1.500000% 04/01/2026 DEBT 018490AL6 4,410 4,000,000 PRN DEFINED 1 X
ALZA CORP 0% 07/28/2020 DEBT 02261WAB5 5,793 6,500,000 PRN DEFINED 1 X
AMDOCS LIMITED .500000%
03/15/2024 DEBT 02342TAD1 7,673 7,750,000 PRN DEFINED 1 X
AMERICAN FINANCIAL GROUP
1.486100% 06/02/2033 DEBT 025932AD6 7,650 17,000,000 PRN DEFINED 1 X
AMGEN INC .375000% 02/01/2013 DEBT 031162AQ3 6,073 7,000,000 PRN DEFINED 1 X
ARCHER DANIELS .875000%
02/15/2014 DEBT 039483AW2 1,161 1,000,000 PRN DEFINED 1 X
AVNET INC 2.000000% 03/15/2034 DEBT 053807AL7 10,688 9,500,000 PRN DEFINED 1 X
BEST BUY 2.250000% 01/15/2022 DEBT 086516AF8 11,825 11,000,000 PRN DEFINED 1 X
BRISTOL-MYERS SQUIBB 2.510000%
09/15/2023 DEBT 110122AN8 15,365 15,500,000 PRN DEFINED 1 X
CAMERON INTL CORP 2.500000%
06/15/2026 DEBT 13342BAB1 11,911 8,500,000 PRN DEFINED 1 X
CARNIVAL CORP 1.132000%
04/29/2033 DEBT 143658AV4 4,866 7,500,000 PRN DEFINED 1 X
CARNIVAL CORP 2.000000%
04/15/2021 DEBT 143658AN2 5,481 5,000,000 PRN DEFINED 1 X
CENTERPOINT ENERGY INC 3.750000%
05/15/2023 DEBT 15189TAM9 10,300 8,150,000 PRN DEFINED 1 X
COSTCO WHOLESALE CORP 0%
08/19/2017 DEBT 22160QAC6 472 320,000 PRN DEFINED 1 X
DANAHER CORP 0% 01/22/2021 DEBT 235851AF9 11,895 10,550,000 PRN DEFINED 1 X
DEVON ENERGY CORPORATION
4.900000% 08/15/2008 DEBT 25179MAA1 479 300,000 PRN DEFINED 1 X
DOMINION RESOURCES INC 2.125000%
12/15/2023 DEBT 25746UAT6 7,875 7,000,000 PRN DEFINED 1 X
EMC CORP 1.750000% 12/01/2013 DEBT 268648AM4 411 350,000 PRN DEFINED 1 X
FAIR ISAAC CORP 1.500000%
08/15/2023 DEBT 303250AD6 979 1,000,000 PRN DEFINED 1 X
FISHER SCIENTIFIC INTL 3.250000%
03/01/2024 DEBT 338032AX3 12,953 8,350,000 PRN DEFINED 1 X
FLUOR CORP 1.500000% 02/15/2024 DEBT 343412AA0 886 350,000 PRN DEFINED 1 X
GENZYME CORP 1.250000% 12/01/2023 DEBT 372917AN4 13,210 11,400,000 PRN DEFINED 1 X
HASBRO INC 2.750000% 12/01/2021 DEBT 418056AN7 7,731 5,700,000 PRN DEFINED 1 X
HCC INSURANCE HOLDINGS 1.300000%
04/01/2023 DEBT 404132AB8 8,003 7,325,000 PRN DEFINED 1 X
INTEL CORP 2.950000% 12/15/2035 DEBT 458140AD2 5,986 6,100,000 PRN DEFINED 1 X
INTL GAME TECHNOLOGY 2.600000%
12/15/2036 DEBT 459902AP7 14,936 14,825,000 PRN DEFINED 1 X
IVAX CORP 4.500000% 05/15/2008 DEBT 465823AG7 3,116 3,000,000 PRN DEFINED 1 X
LABORATORY CORP AMERICA HOLDINGS DEBT 50540RAG7 11,586 11,500,000 PRN DEFINED 1 X
LEHMAN BROTHERS HOLDINGS .250000%
05/08/2010 DEBT 524908FN5 1,350 1,500,000 PRN DEFINED 1 X
LIBERTY MEDIA CORP 3.250000%
03/15/2031 DEBT 530715AR2 675 1,000,000 PRN DEFINED 1 X
LOCKHEED MARTIN CORP 3.018130%
08/15/2033 DEBT 539830AP4 11,642 8,500,000 PRN DEFINED 1 X
LOWE'S COMPANIES INC .861000%
10/19/2021 DEBT 548661CG0 12,027 12,950,000 PRN DEFINED 1 X
MEDTRONIC INC 1.625000%
04/15/2013 DEBT 585055AM8 7,368 7,000,000 PRN DEFINED 1 X
MERRILL LYNCH & CO 0% 03/13/2032 DEBT 590188W46 5,848 5,500,000 PRN DEFINED 1 X
MYLAN LABORATORIES INC 1.250000%
03/15/2012 DEBT 628530AG2 831 1,000,000 PRN DEFINED 1 X
NABORS INDUSTRIES INC .940000%
05/15/2011 DEBT 629568AP1 9,203 9,000,000 PRN DEFINED 1 X
NATIONAL CITY CORP 4.000000%
02/01/2011 DEBT 635405AW3 9,444 11,500,000 PRN DEFINED 1 X
NEXTEL COMMUNIC DEBT 65332VAY9 7,340 8,000,000 PRN DEFINED 1 X
OMNICOM GROUP INC 0% 07/01/2038 DEBT 681919AT3 9,987 9,500,000 PRN DEFINED 1 X
PSS WORLD MEDICAL INC 2.250000%
03/15/2024 DEBT 69366AAB6 549 500,000 PRN DEFINED 1 X
RAYONIER TRS HOLDINGS IN 3.750000%
10/15/2012 DEBT 75508AAB2 4,195 4,000,000 PRN DEFINED 1 X
RPM INTERNATIONAL INC. 1.389000%
05/13/2033 DEBT 749685AK9 5,779 9,900,000 PRN DEFINED 1 X
SANDISK CORP 1.000000% 05/15/2013 DEBT 80004CAC5 735 1,000,000 PRN DEFINED 1 X
SCHERING-PLOUGH NON-REDEEM P/S 806605705 460 3,000 SH DEFINED 1 X
SCHLUMBERGER LIMITED 2.125000%
06/01/2023 DEBT 806857AD0 441 200,000 PRN DEFINED 1 X
ST JUDE MEDICAL INC 1.220000%
12/15/2008 DEBT 790849AD5 2,028 2,000,000 PRN DEFINED 1 X
TEVA PHARMACEUT FIN BV 1.750000%
02/01/2026 DEBT 88165FAA0 6,109 5,400,000 PRN DEFINED 1 X
TEVA PHARMACEUT FIN LLC .250000%
02/01/2024 DEBT 88164RAB3 3,669 2,700,000 PRN DEFINED 1 X
TJX COMPANIES INC 0% 02/13/2021 DEBT 872540AL3 12,794 11,500,000 PRN DEFINED 1 X
TRANSOCEAN INC 1.500000%
12/15/2037 DEBT 893830AV1 12,059 11,000,000 PRN DEFINED 1 X
WALT DISNEY COMPANY 2.125000%
04/15/2023 DEBT 254687AU0 11,209 10,500,000 PRN DEFINED 1 X
WELLS FARGO COMPANY 4.898750%
05/01/2033 DEBT 949746FA4 13,617 13,750,000 PRN DEFINED 1 X
WYETH 2.390000% 01/15/2024 DEBT 983024AD2 14,643 14,600,000 PRN DEFINED 1 X
"STOCK" 4 14,968 260,000
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DEBT 53 367,709 358,973,000
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REPORT TOTALS 57 382,678 359,233,000
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