> l \pThe Free Software Foundation B=PF0*8X@"1 Helvetica1Courier1Courier New1Courier New1 Helvetica$#,##0_);($#,##0)$#,##0_);[Red]($#,##0)$#,##0.00_);($#,##0.00)$#,##0.00_);[Red]($#,##0.00)**_($* #,##0_);_($* (#,##0);_($* ""_);_(@_)*)'_(* #,##0_);_(* (#,##0);_(* ""_);_(@_)5,2_($* #,##0.00_);_($* (#,##0.00);_($* ""??_);_(@_)2+/_(* #,##0.00_);_(* (#,##0.00);_(* ""??_);_(@_)2$#,##0.00;[Red]$#,##0.003$#,##0.00;[Red]($#,##0.00)4$#,##0;[Red]($#,##00)50.00%;[Red](0.00%)60%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0) + ) , * Ј ~~ ؈ ~~#؈ ~~ ؈ ~~8#܈ ~~9#܈ ~~4#܈ ~~7#܈ ~~83ffff̙̙3f3fff3f3f33333f33&ALLSTATE LIFE INSURANCE COMPANY&3075 Sanders Road Northbrook IlJune 30 2019HIncome Statementu
Balance Sheet&CONDENSED CONSOLIDATED STATEMEN
Cash Flows$xPremiums and contract charges&2 Supplemental Cash Flow InformFair valuesScheduled maturities?Net investment income&VRealized capital gains and loss&kRealized capital gains and (1)&Realized capital gains and (2)&!Realized capital gains and (3)&Realized capital gains and (4)&Realized capital gains and (5)&4Unrealized net capital gains an&Unrealized net capital gain (1)&
Change in unrealized net capitaPortfolio monitoringUPortfolio monitoring (1)gMortgage loans~Mortgage loans (1)Other investments&מInvestments excluded from the f&Investments excluded from t (1)&Investments excluded from t (2)&Investments excluded from t (3)&AEInvestments excluded from t (4)&zInvestments excluded from t (5)&Investments excluded from t (6)&mInvestments excluded from t (7)Financial assets Financial liabilitiesBalance Sheet (1)VBalance Sheet (2)&5 Derivative Financial Instrume&5 Derivative Financial Inst (1)&5 Derivative Financial Inst (2)&5 Derivative Financial Inst (3)&
5 Derivative Financial Inst (4)&Credit derivatives selling prot
6 Reinsurance(56 Reinsurance (1)=J6 Reinsurance (2)#g_8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits&Interest credited to contractho&Interest credited to contra (1)YAmortization of DAC&RAnalysis of reserves and contraT#Contractholder funds.@Portfolio compositionyQPerformancebasedkFixed income securities"b~Fixed income securities (1)$Limited partnership interests#Unrealized net capital gains#Unrealized net capital g (1) Net investment income (1) ZNet investment income (2)&!Realized capital gains and (6)&>Valuation and settlements of dekPCapital resources`Liquidity exposure(rItem 6 Exhibitsg
EXHIBIT 15
l x
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }$ }%}$ }}$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019'ALLSTATE LIFE INSURANCE COMPANY
Illinois
362554642
'(State or other jurisdiction of(I.R.S. Employer&incorporation or organization)Identification No.)
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(&T}qeYMX=PF0*8X>
@
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANYJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }U}$}}$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/201953075 Sanders Road, Northbrook, Illinois 60062
Large accelerated filer
?
Accelerated filer
?Nonaccelerated filer ?!Smaller reporting company ?
Emerging growth company ?$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,ocWK?%m=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlIncome Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }y
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=
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019
June 30, 2019
PART I
FINANCIAL INFORMATION
PAGEItem 1.Financial Statements
,$Condensed Consolidated Statements of~
/'Operations and Comprehensive Income for3+the Three Month and Six Month Periods Ended*"June 30, 2019 and 2018 (unaudited),$Condensed Consolidated Statements of~
2*Financial Position as of June 30, 2019 and%December 31, 2018 (unaudited),$Condensed Consolidated Statements of~
0(Shareholder?s Equity for the Three Month1)and Six Month Periods Ended June 30, 2019and 2018 (unaudited),$Condensed Consolidated Statements of~
2*Cash Flows for the Six Month Periods Ended*"June 30, 2019 and 2018 (unaudited)D#lwk_;q'kGbkG !"#$%&'()*+,./0123456789:;< 1 )Notes to Condensed Consolidated Financial~
!!Statements (unaudited)"""#/#'Report of Independent Registered Public~
#$$Accounting Firm%%%&Item 2.,&$Management?s Discussion and Analysis&'8'0of Financial Condition and Results of Operations((())
Highlights~
)**
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*++Investments~
+,',Capital Resources and Liquidity~
,"ForwardLooking Statements~
.../Item 4./Controls and Procedures~
/0001PART II1OTHER INFORMATION12223Item 1.3Legal Proceedings~
34445Item 1A.5Risk Factors~
56667Item 6.7Exhibits~
789$:____________________________1;)Created by Morningstar Document Research.0<(http://documentresearch.morningstar.com/>0_x0{6j.
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }I;}$ }$}$ }$}
$ }$}$ }$
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"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Income Statement
($ in millions)#
Three months ended June 30,
!
Six months ended June 30,~
~
~
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~
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~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }8}$ }$}$ }$
M
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019
Balance Sheet .
&($ in millions, except par value data)
June 30, 2019
December 31, 2018AssetsInvestments.
&Fixed income securities, at fair value~
NU
~
bN
,$(amortized cost $20,512 and $21,057)Mortgage loans~
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n>.&Equity securities, at fair value (cost~
~
$1,091 and $1,197)%Limited partnership interests~
.3~
r31)Shortterm, at fair value (amortized cost~
~
$1,217 and $810)Policy loans~
~
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"~
RTotal investments~
~
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)!Deferred policy acquisition costs~
z~
B4,Reinsurance recoverables from nonaffiliates~
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&"0(Reinsurance recoverables from affiliates~
v~
!Accrued investment income~
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ZSeparate Accounts~
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*.+&Commitments and Contingent Liabilities+++++,(Note 7)Shareholder?s equity..&Redeemable preferred stock  series A, ... ..4/,$100 par value, 1,500,000 shares authorized,0none issued.1&Redeemable preferred stock  series B, 111 1142,$100 par value, 1,500,000 shares authorized,3none issued34+Common stock, $227 par value, 23,800 shares~
444~
44"5authorized and outstanding"6Additional capital paidin~
666~
667Retained income~
7H77~
7D7/8'Accumulated other comprehensive income:8888809(Unrealized net capital gains and losses:99999/:'Unrealized net capital gains and losses~
:::~
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>( 292 >)>>( 27 >)?reservesDlMl3n3t>WxcQ@ABCDEFGHIJKL.@&Total unrealized net capital gains and~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }1}$ }$}$ }$}
$ }$}$ }$
+
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019MECONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDER S EQUITY (unaudited)
($ in millions)#
Three months ended June 30,
!
Six months ended June 30,~
~
~
~
Common stock~
~
~
~
"Additional capital paidin~
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~
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Retained income
$Balance, beginning of period~
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Balance, end of period~
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.&Accumulated other comprehensive income
$Balance, beginning of period~
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~
~
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.&Change in unrealized net capital gains~
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( 236 )
and losses%Change in unrealized foreign currency( 2 )~
( 5 )~
&translation adjustmentsDlWK?3'g,(v9{fZ Uz !"#$%&'()*1 )Cumulative effect of change in accounting   
( 238 )! principle"#Balance, end of period~
###~
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# ##~
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"%Total shareholder?s equity~
%ft%%~
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##
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMENPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }6}$ }$}$ }$
=
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019
Cash Flows
($ in millions)!
Six months ended June 30,~
~
,$Cash flows from operating activities
Net income~
~
.&Adjustments to reconcile net income to2*net cash provided by operating activities:%Amortization and other noncash items( 33 )( 30 ))!Realized capital gains and losses
( 194 )~
b)!Gain on disposition of operations( 3 )( 3 )1)Interest credited to contractholder funds~
~
Changes in:4,Policy benefits and other insurance reserves
( 342 )
( 319 ))!Deferred policy acquisition costs~
~
%Reinsurance recoverables, net~
&~
bIncome taxes( 15 )( 8 ).&Other operating assets and liabilities~
( 36 )1)Net cash provided by operating activities~
~
J,$Cash flows from investing activitiesProceeds from salesFixed income securities~
~
>0Equity securities~
~
^
%Limited partnership interests~
~
ZDlznbRXp7J.p !"#$%&'()*+,./0123456789:;< Other investments~
~
* !Investment collections!!!!!"Fixed income securities~
" ""~
"
"#Mortgage loans~
###~
##$Other investments~
$$$~
$:$%Investment purchases%%%%%&Fixed income securities&( 2,122 &)&&( 2,887 &)'Equity securities
'( 257 ')'
'( 757 ')%(Limited partnership interests
(( 215 ()(
(( 271 ())Mortgage loans
)( 280 )))
)( 269 ))*Other investments*( 74 *)*
*( 156 *)+%Change in shortterm investments, net
+( 262 +)+
+( 302 +)5,Change in policy loans and other investments,,( 7 ,),,( 25 ,)net1.)Net cash provided by investing activities~
.6..~
..,/$Cash flows from financing activities/////$0Contractholder fund deposits~
000~
0
0'1Contractholder fund withdrawals
1( 841 1)1
1( 960 1)2Dividends paid2( 75 2)2 22
3Other 333~
3r34%Net cash used in financing activities
4( 538 4)4
4( 546 4)'5Net increase (decrease) in cash~
5r555( 84 5)#6Cash at beginning of period~
666~
6F67Cash at end of period~
7B77~
7789$:____________________________1;)Created by Morningstar Document Research.0<(http://documentresearch.morningstar.com/>F0E+`(KIuVog=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash Flows!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }*}$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019%Premiums and contract charges
($ in millions)#
Three months ended June 30,
!
Six months ended June 30,~
~
~
~
Premiums
"
Traditional life insurance~
2
~
F
~
f
~
%Accident and health insurance~
z~
z~
~
Total premiums~
~
~
V~
Contract charges
)!Interestsensitive life insurance~
~
~
R~
^Fixed annuities~
~
~
~
Total contract charges~
~
~
j~
v+#Total premiums and contract charges~
R~
r~
~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:sg[OjVF:.=PF0*8X>
@*%
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }1}$ }$}$ }$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019%2. Supplemental Cash Flow Information
($ in millions)!
Six months ended June 30,~
~
&Net change in proceeds managed
%Net change in fixed income securities~
r
~
,$Net change in shortterm investments
( 142 )( 37 )+#Operating cash flow (used) provided$( 114 )~
~!Net change in liabilities%Liabilities for collateral, beginning$( 524 )$( 542 ) of period1)Liabilities for collateral, end of period
( 638 )
( 511 )+#Operating cash flow provided (used)~
$( 31 )$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:%wk_SGs
% `=PF0*8X>
@
l (B'*
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow InformScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }0.}
$ }$}$
(
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Fair values
($ in millions)
Amortized
Gross unrealized
Faircost
Gains Losses
value
June 30, 2019
$
U.S. government and agencies~
~
$
~
V
Municipal~
v~
N ( 3 )~
Corporate~
~
( 46 )~
Foreign government~
n~
& ~
'Assetbacked securities (?ABS?)~
n~
( 3 )~
~.&Residential mortgagebacked securities~
~
~
(?RMBS?)%Commercial mortgagebacked securities~
v~
( 3 )~
(?CMBS?)"Redeemable preferred stock~
6~
~
:%Total fixed income securities~
@~
$( 55 )~
NU
December 31, 2018
$U.S. government and agencies~
~
$~
Municipal~
6~
* ( 4 )~
N" Corporate~
~
( 381 )~
Foreign government~
~
& ~
ABS~
~
( 3 )~
RMBS~
j~
( 1 )~
Dlymah!x/jQY !"#$%&' CMBS~
~
 ~
"!Redeemable preferred stock~
!6!!~
!!! ! !!~
!
:!%"Total fixed income securities~
"I""~
"r""" $( 389 ")"~
"
bN"#$$%____________________________1&)Created by Morningstar Document Research.0'(http://documentresearch.morningstar.com/Oe=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }0.}$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Scheduled maturities
($ in millions)
As of June 30, 2019Amortized cost
Fair valueDue in one year or less~
~

%Due after one year through five years~

~
&
.&Due after five years through ten years~
&o~
.uDue after ten years~
Z9~
bB~
8~
~LABS, RMBS and CMBS~
~
Total~
@~
NU$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4pdXv0'=PF0*8X>
@
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturities!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }<(}$ }$}$ }$}
$ }$}$ }$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Net investment income
($ in millions)#
Three months ended June 30,
!
Six months ended June 30,~
~
~
~
Fixed income securities~
~
~
~
Mortgage loans~
~
~
r
~
Equity securities~
:~
B~
R~
^%Limited partnership interests~
~
r~
~
Shortterm investments~
"~
~
B~
&Policy loans~
"~
"~
B~
>
Other~
b~
^~
~
)!Investment income, before expense~
~
~
6~
Investment expense( 26 )( 25 ) ( 53 )
( 49 )Net investment income~
~
~
b~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:{ocW$
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@1
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }%}$ }$}$ }$}
$ }$}$ }$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019)!Realized capital gains and losses
($ in millions)#
Three months ended June 30,
!
Six months ended June 30,~
~
~
~
Fixed income securities~
$( 12 ) $( 2 )
$( 18 )
Mortgage loans

~

~
Equity securities~
~
R~
( 6 )%Limited partnership interests ( 11 )~
*
( 8 )Derivatives~
~
*~
"~
Other( 1 )( 1 ) ( 7 )
( 1 )'Realized capital gains (losses)~
~
"~
$( 24 )$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4 {ocWKRK=PF0*8X>
@*%
l x~
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }a/}$ }$}$ }$}
$ }$}$ }$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019)!Realized capital gains and losses
($ in millions)#
Three months ended June 30,
!
Six months ended June 30,~
~
~
~
Impairment writedowns$( 5 )$( 2 )
$( 12 )
$( 3 )
Sales~
( 7
)

( 12
)+#Valuation of equity investments (1)~
~
*~
( 13 )/'Valuation and settlements of derivative~
~
~
"~
instruments'Realized capital gains (losses)~
~
"~
$( 24 )$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6{ocWKT~=PF0*8X>
@
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }}$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019)!Realized capital gains and losses
($ in millions)#
Three months ended June 30,
!
Six months ended June 30,~
~
~
~
Equity securities~
~
R~
~
:
%Limited partnership interests carried~
~
.
~
N
~
at fair value
Total~
R~
~~
~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.{ocWKJ1T=PF0*8X>
@
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }y#}$ }$}$ }$}
$ }$}$ }$}$ }$}$ }$
*
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019)!Realized capital gains and losses
Three months ended
Three months ended($ in millions)
June 30, 2019
June 30, 2018
GrossIncluded Net
GrossIncludedNet
in OCI
in OCI Fixed income securities:
Corporate$( 1 )$( 1 ) $( 2 )
$
$
$ABS( 1 )  ( 1 )
  RMBS   
( 1 ) ( 1 )CMBS( 2 )~

  %Total fixed income securities( 4 )~
( 3 )
( 1 ) ( 1 )%Limited partnership interests( 1 )  ( 1 )
  
Other( 1 )  ( 1 )
( 1 ) ( 1 )OTTI losses$( 6 )~
$( 5 )
$( 2 )
$$( 2 )
Six months ended
Six months ended
June 30, 2019
June 30, 2018
GrossIncluded Net
GrossIncludedNetin OCI
in OCI Fixed income securities:
Corporate$( 1 )$( 1 ) $( 2 )
$
$
$ABS( 1 )  ( 1 )
  RMBS   
( 1 ) ( 1 )Dgl{ocWK+~5Mg_^otJ !"#$%&'() CMBS ( 2 ) ~

 ( 1 ) ( 1 )%!Total fixed income securities!( 4 !)!~
!!!! ( 3 !)!!
( 1 !)!!( 1 !)!!( 2 !)%"Limited partnership interests"( 2 ")" """" ( 2 ")" "
"" """ ""
#Other#( 7 #)# #### ( 7 #)##
( 1 #)# ####( 1 #)$OTTI losses
$$( 13 $)$~
$$$
$ $( 12 $)$$
$( 2 $)$$$( 1 $)$$$( 3 $)%&$'____________________________1()Created by Morningstar Document Research.0)(http://documentresearch.morningstar.com/X
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }}$ }$}$ }$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019)!Realized capital gains and losses
($ in millions)
June 30, 2019
December 31, 2018 Municipal$( 4 )$( 4 ) Corporate ( 1 )
ABS
( 5
)
( 5
)RMBS( 29 )( 32 )CMBS( 4 )( 2 )
Total
$( 42 )
$( 44 )$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0{ocWK34{oG=PF0*8X>
@
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }2}$ }$}$ }$}
$ }$}$ }$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019)!Realized capital gains and losses
($ in millions)#
Three months ended June 30,
!
Six months ended June 30,~
~
~
~
Beginning balance$( 121 )$( 128 ) $( 123 )
$( 138 )
%Additional credit loss for securities
( 3
)
( 1
)
( 3
)
( 2
)2*previously otherthantemporarily impaired/'Reduction in credit loss for securities~
~
~
~
Bdisposed or collectedEnding balance$( 122 )$( 124 ) $( 122 )
$( 124 )$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2{ocWK.9^RF=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }$4}
$ }$}$ }$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019/'Unrealized net capital gains and losses
($ in millions)
Fair value
Gross unrealized
%
Unrealized net gains (losses)
June 30, 2019
Gains LossesFixed income securities~
NU~
$( 55 )~
Shortterm investments~



3+Equity method of accounting (?EMA?) limited
( 1 )partnerships (1)0(Unrealized net capital gains and losses, ~
pretaxAmounts recognized for:
Insurance reserves (2)
( 178 )DAC and DSI (3)
( 191 )Amounts recognized
( 369 )Deferred income taxes
( 202 )0(Unrealized net capital gains and losses, ~
aftertax$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>0ui]QEsV:mu"hSG=PF0*8X>
@
l ~
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }0}
$ }$}$ }$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019/'Unrealized net capital gains and losses
($ in millions)
Fair value
Gross unrealized
%
Unrealized net gains (losses)December 31, 2018
Gains LossesFixed income securities~
bN~
r $( 389 )~
^
Shortterm investments~



EMA limited partnerships
0(Unrealized net capital gains and losses, ~
^pretaxAmounts recognized for:
Insurance reserves
DAC and DSI
( 35 )Amounts recognized
( 35 )Deferred income taxes
( 65 )0(Unrealized net capital gains and losses, ~
aftertax$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<=ui]QEogP _\=PF0*8X>
@
l 0
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)Portfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }0}$ }$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/201991Change in unrealized net capital gains and losses
($ in millions)
Fixed income securities~
r EMA limited partnerships( 1 )
Total~
n
Amounts recognized for:Insurance reserves
( 178 )DAC and DSI
( 156 )Amounts recognized
( 334 )Deferred income taxes
( 137 )0(Increase in unrealized net capital gains~
and losses, aftertax$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6k_SG;[0H f=PF0*8X>
@Z
l E%Q
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }$ }7}U}
$ }$}$ }
U}$ }$}$ }$}0$
1111111111 1
111
1111111111111111111"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Portfolio monitoring
($ in millions)
Less than 12 months
12 months or more
TotalNumberFair
Unrealized
NumberFair
Unrealized
unrealized of issues
value losses
of issues
valuelosseslosses
June 30, 2019
!
"
#
$
%
&
(
)
*
,

.
0Fixed income securities
$U.S. government and agencies 
$
$

$
$
$ Municipal   ~
~
6( 3 )( 3 ) Corporate~
~
& ( 7 )~
~
( 39 )( 46 )ABS~
~
r ( 1 )~
~
"( 2 )( 3 )RMBS~
~~
~
~~
 CMBS~
~
" ( 3 )~
 ( 3 )"Redeemable preferred stock~
 
   %Total fixed income securities~
:~
$( 11 )~
R~
^
$( 44 )
$( 55 )0(Investment grade fixed income securities~
~
$( 1 )~
~
R
$( 31 )
$( 32 )6.Below investment grade fixed income securities~
>~
( 10 )~
~
( 13 )( 23 )%Total fixed income securities~
:~
$( 11 )~
R~
^
$( 44 )
$( 55 )
December 31, 2018
Fixed income securities
$U.S. government and agencies~
~
$~
~
$
$ Municipal~
~
( 1 )~
~
j( 3 )( 4 ) Corporate~
~
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( 218 )~
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&&&~
&&&& ( 99 &)&~
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&Z&&&( 22 &)&
&( 121 &)'%'Total fixed income securities~
'''~
'n''' $( 220 ')'~
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l f
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringMortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }2}$ }$}$ }$}
$ }$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Portfolio monitoring
($ in millions)
Investment grade
Below investment grade
Total/'Fixed income securities with unrealized
$( 20 )
$( 19 )
$( 39 )0(loss position less than 20% of amortized
cost (1) (2)/'Fixed income securities with unrealized( 12 )( 4 ) ( 16 )2*loss position greater than or equal to 20%!of amortized cost (3) (4)Total unrealized losses
$( 32 )
$( 23 )
$( 55 )$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2pdXFmU~Y=PF0*8X>
@z
l 
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }0}$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Mortgage loans
($ in millions)
June 30, 2019
December 31, 20180(Debt service coverage ratio distribution
Fixed rate
Variable rate
Total
Fixed rate
Variable rate
Totalmortgagemortgage
mortgagemortgage
loans
loans
loans
loans Below 1.0~
~
> ~
F
~
~
>~
V
1.0  1.25~
 ~
~
v ~
v1.26  1.50~
 ~
~
b ~
b
Above 1.50~
(~
~
J)
~
)~
~
6*)!Total nonimpaired mortgage loans~
6>~
~
?
~
z=~
~
^>$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4vj^2ahpw}l`T,=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansOther investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }$4}$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Mortgage loans
($ in millions)
June 30, 2019
December 31, 20180(Impaired mortgage loans with a valuation~
~
allowance3
+Impaired mortgage loans without a valuation


allowance%Total impaired mortgage loans~
~
0(Valuation allowance on impaired mortgage~
~
loans$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0vj^%l=PF0*8X>
@j
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }}$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Other investments
($ in millions)
June 30, 2019
December 31, 2018Agent loans~
:
~
Bank loans~
~
Real estate
~
~
Derivatives and other~
Z~
z
Total~
"~
R$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.sg[#^T=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }U5}$ }$}$ }$}
$ }$}$ }U}$ }$
6
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019:2Investments excluded from the fair value hierarchy
($ in millions)
Quoted prices
Significant
Significant
Counterparty
#
Balance as of June 30, 2019 in active
other unobservable
and cashmarkets for
observable inputs
collateral
identical assets
inputs
(Level 3)
netting (Level 1) (Level 2)Assets
Fixed income securities:
$U.S. government and agencies~
~
$
~
V Municipal ~
~
~
Corporate  public ~
~
~
n$Corporate  privately placed ~
Y~
~
B[Foreign government ~

~
ABS  CDO ~
V~
~
n ABS  consumer and other ~
~
r
~
RMBS ~

~
CMBS ~
~~
~
"Redeemable preferred stock ~
: 
~
:%Total fixed income securities~
~
RM~
2
~
NUEquity securities~
~
6~
~
Shortterm investments~
~
. 
~
4,Other investments: Freestanding derivatives ~
z 
$( 9 )~
VSeparate account assets~
V/  
~
V/D_lj^RF:Jyr$L$`Ho !"#$%&'()*+,./012345$ Total recurring basis assets~
S ~
*V ~
( 9 ) ~
!Nonrecurring basis (1) !!! !!!~
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!!""Total assets at fair value~
"S""~
"*V""~
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$( 9 ")"~
"Ү"'#% of total assets at fair value#ffffff3@ #%##S@ #%## 333333? #%# #
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# #%$$$$$$ $$
$$#%Investments reported at NAV%%%%% %%
%~
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(Total((((( ((
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))*Liabilities******* ***
****2+*Contractholder funds: Derivatives embedded
+$++
+$+++ $( 411 +)++
+++$( 411 +)%,in life and annuity contracts4,Other liabilities: Freestanding derivatives ( 30 )  ~

( 29 )1.)Total recurring basis liabilities at fair
.$..
.$( 30 .).. $( 411 .).~
.
...$( 440 .)
/value,0$% of total liabilities at fair value 0 0%00333333@ 0%00 YW@ 0%0
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0 0%12$3____________________________14)Created by Morningstar Document Research.05(http://documentresearch.morningstar.com/0$SxrfZWY=PF0*8X>
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l 2
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }U5}$ }$}$ }$}
$ }$}$ }U}$ }$
2
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019:2Investments excluded from the fair value hierarchy
($ in millions)
Quoted prices
Significant
Significant
Counterparty
'
Balance as of December 31, 2018 in active
other unobservable
and cashmarkets for
observable inputs
collateral
identical assets
inputs
(Level 3)
netting (Level 1) (Level 2)Assets
Fixed income securities:
$U.S. government and agencies~
~
b
$
~
Municipal ~
!~
~
N"Corporate  public ~
ι~
~
R$Corporate  privately placed ~
V~
~
FXForeign government ~

~
ABS  CDO ~
j~
~
ABS  consumer and other ~
~
B
~
6RMBS ~

~
CMBS ~

~
"Redeemable preferred stock ~
: 
~
:%Total fixed income securities~
~
C~
~
bNEquity securities~
z~
:~
~
Shortterm investments~
~

~
4,Other investments: Freestanding derivatives ~
z~
$( 8 )~
^Separate account assets~
~+  
~
~+Dclj^RF:Jun H \El !"#$%&'()*+,./012 *Total recurring basis assets at fair value~
L ~
J ~
$( 8 ) ~
'!% of total assets at fair value!2@ !%!!T@ !%!! 333333? !%! !
 !%!~
! !%"""""" ""
""##Investments reported at NAV##### ##
#~
#N#
$Total$$$$$ $$
$~
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%%&Liabilities&&&&&&& &&&
&&&&2'*Contractholder funds: Derivatives embedded
'$''
'$''' $( 223 ')''
'''$( 223 ')%(in life and annuity contracts4),Other liabilities: Freestanding derivatives ))))( 7 ))) ) ))~
)
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*$***$( 7 *)** $( 223 *)*~
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***$( 228 *)
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@r1100//,,,,,,
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }0}$ }$}$ }}$ }}$ } }
$ } }$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019:2Investments excluded from the fair value hierarchy
($ in millions)
Fair value
Valuation
Unobservable
Range
Weighted technique
input
average
June 30, 2019
0
(Derivatives embedded in life and annuity
$( 375
)
"
Stochastic cash flow model
Projected option cost
1.0  4.2%
=
ףp=@
%.&contracts  Equityindexed and forwardstarting optionsDecember 31, 2018
0(Derivatives embedded in life and annuity$( 184 )"Stochastic cash flow modelProjected option cost
1.0  2.2%
ףp=
? %.&contracts  Equityindexed and forwardstarting options$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2j^RF:Fx\nF=PF0*8X>
@B
l 8.h@
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }2}$ }$}$ }$}$ }$}$ }$}$
8
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019:2Investments excluded from the fair value hierarchy
($ in millions)
Total gains (losses)
included in:$Balance as of March 31, 2019Net OCI
Transfers Transfers
income (1)
into
out of
Level 3Level 3Assets
Fixed income securities:
Municipal~
$~
$
$Corporate  public~
 
( 2 )$Corporate  privately placed~
 
( 1 ) ABS  CDO~
 
  ABS  consumer and other~
f  
( 12 )CMBS~
 
 %Total fixed income securities~
6 ~
( 15 )Equity securities~
~

 &Freestanding derivatives, net~
( 1 ) 
 &Total recurring Level 3 assets~
~
~
$
$( 15 )
Liabilities
2*Contractholder funds: Derivatives embedded$( 247 )
$( 11 )
$
$( 154 )
$%in life and annuity contracts+#Total recurring Level 3 liabilities$( 247 )
$( 11 )
$
$( 154 )
$Dlj^RF:>[S{7mV !"#$%&'()*+,./01234567
!! Purchases!
!Sales!! Issues!!
Settlements!#!Balance as of June 30, 2019!"Assets""""""" ""
""""" #Fixed income securities:####### ##
#####$ Municipal
$$$$$$( 1 $)$
$ $$$
$
$$$~
$$$%Corporate  public %%%%( 1 %)% % %% %
%%~
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&&& &&& & &&&
( 1 &)&~
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(Z(((( 6 ()( ( (((
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))~
)
))%*Total fixed income securities~
*^***( 8 *)* * ***
( 2 *)*~
*2**+Equity securities~
+"++ +++ + ++ +
++~
+++&,Freestanding derivatives, net ,,, ,,, , ,, ,
,, ,,,&Total recurring Level 3 assets~
~$( 8 )
 $
$( 2 )~
...... ..
.../Liabilities/////// //
/////20*Contractholder funds: Derivatives embedded
0$00
0$00
0 $00~
0
000$( 411 0)0%1in life and annuity contracts+2#Total recurring Level 3 liabilities
2$22
2$22
2 $22~
2
222$( 411 2)234$5____________________________16)Created by Morningstar Document Research.07(http://documentresearch.morningstar.com/4P8b#9a~MT+9!=PF0*8X>
@b776655222222
22
22000000
00
00

,,,,,,
,,
,,++++++
++
++******
**
**))))))
))
))((((((
((
((''''''
''
''&&&&&&
&&
&&%%%%%%
%%
%%$$$$$$
$$
$$!!!!!! !!
!!
l 8^dv
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }2}$ }$}$ }$}$ }$}$ }$}$
8
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019:2Investments excluded from the fair value hierarchy
($ in millions)
Total gains (losses)
included in:'Balance as of December 31, 2018Net OCI
Transfers Transfers
income (1)
into
out of
Level 3Level 3Assets
Fixed income securities:
Municipal~
$~
$
$Corporate  public~
 
( 2 )$Corporate  privately placed~
( 2 )~
~
>( 1 ) ABS  CDO~
 
  ABS  consumer and other~
B  
( 12 )CMBS   ~
%Total fixed income securities~
( 2 )~
~
F( 15 )Equity securities~
~
R 
 &Freestanding derivatives, net~
( 1 ) 
 &Total recurring Level 3 assets~
~
F~
~
F
$( 15 )
Liabilities
2*Contractholder funds: Derivatives embedded$( 223 )
$( 36 )
$
$( 154 )
$%in life and annuity contracts+#Total recurring Level 3 liabilities$( 223 )
$( 36 )
$
$( 154 )
$D'lj^RF:>[Px/eyJ} !"#$%&'()*+,./01234567
!! Purchases!
!Sales!! Issues!!
Settlements!#!Balance as of June 30, 2019!"Assets""""""" ""
""""" #Fixed income securities:####### ##
#####$ Municipal
$$$$$$( 1 $)$
$ $$$
$
$$$~
$$$%Corporate  public~
%%%%( 1 %)% % %%%
( 1 %)%~
%%%$&Corporate  privately placed~
&&&&( 13 &)& & &&&
( 3 &)&~
&&&' ABS  CDO ''' ''' ' '' '
''~
''' (ABS  consumer and other~
((((( 6 ()( ( (((
( 4 ()(~
(r(()CMBS ))) ))) ) )) )
))~
)
))%*Total fixed income securities~
****( 21 *)* * ***
( 8 *)*~
*2**+Equity securities~
+"+++( 38 +)+ + ++ +
++~
+++&,Freestanding derivatives, net ,,, ,,, , ,, ,
,, ,,,&Total recurring Level 3 assets~

$( 59 )
 $
$( 8 )~
...... ..
.../Liabilities/////// //
/////20*Contractholder funds: Derivatives embedded
0$00
0$00
0 $00~
0
000$( 411 0)0%1in life and annuity contracts+2#Total recurring Level 3 liabilities
2$22
2$22
2 $22~
2
222$( 411 2)234$5____________________________16)Created by Morningstar Document Research.07(http://documentresearch.morningstar.com/4^8b0Tq?F+=PF0*8X>
@b776655222222
22
22000000
00
00

,,,,,,
,,
,,++++++
++
++******
**
**))))))
))
))((((((
((
((''''''
''
''&&&&&&
&&
&&%%%%%%
%%
%%$$$$$$
$$
$$!!!!!! !!
!!
l 5
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }2}$ }$}$ }$}$ }$}$ }$}U
5
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019:2Investments excluded from the fair value hierarchy
($ in millions)
)
!Total gains (losses) included in:
$Balance as of March 31, 2018Net OCI
Transfers Transfers
income (1)
intoout of
Level 3
Level 3Assets
Fixed income securities:
Municipal~
$
$
$
$Corporate  public~
 
 $Corporate  privately placed~
^( 2 )~
~
*( 10 ) ABS  CDO~
*  
  ABS  consumer and other~
 ~
( 2 )%Total fixed income securities~
( 2 )~
~
6( 12 )Equity securities~
~

 &Freestanding derivatives, net~
 
 &Total recurring Level 3 assets~
V~
~
~
6
$( 12 )
Liabilities
2*Contractholder funds: Derivatives embedded$( 260 )~
$
$
$%in life and annuity contracts+#Total recurring Level 3 liabilities$( 260 )~
$
$
$
Purchases
Sales Issues
Settlements#Balance as of June 30, 2018D>lj^RF:>.`,]{cv !"#$%&'()*+,./01234 Assets
!Fixed income securities:!!!!!!! !!!
!!!!!" Municipal~
"
""
"$""
" $""
"
$""~
"""#Corporate  public ### ### # ## #
##~
###$$Corporate  privately placed $$$ $$$ $ $$$
( 27 $)$~
$$$% ABS  CDO %%% %%% % %%%
( 1 %)%~
%&%% &ABS  consumer and other~
&*&&&( 4 &)& & &&&
( 1 &)&~
&&&%'Total fixed income securities~
'2'''( 4 ')' ' '''
( 29 ')'~
'r''(Equity securities~
(>(((( 7 ()( ( (( (
((~
(((&)Freestanding derivatives, net ))) ))) ) )) )
))~
))~
)&*Total recurring Level 3 assets~
*n**
*$( 11 *)*
* $**
*
$( 29 *)*~
*:**++++++ ++
+++,Liabilities,,,,,,, ,,,
,,,,,2*Contractholder funds: Derivatives embedded
$
$
 $~

$( 257 )%.in life and annuity contracts+/#Total recurring Level 3 liabilities
/$//
/$//
/ $//~
/
///$( 257 /)/01$2____________________________13)Created by Morningstar Document Research.04(http://documentresearch.morningstar.com/.2:b/Tn~/6
=PF0*8X>
@
443322//////
//
//

******
**
**))))))
))
))((((((
((
((''''''
''
''&&&&&&
&&
&&%%%%%%
%%
%%$$$$$$
$$
$$######
##
##""""""
""
""
l 5k
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }2}$ }$}$ }$}
$ }$}$ }$}$ }$}U
5
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019:2Investments excluded from the fair value hierarchy
($ in millions)
)
!Total gains (losses) included in:
'Balance as of December 31, 2017Net OCI
Transfers Transfers
income (1)
intoout of
Level 3
Level 3Assets
Fixed income securities:
Municipal~
$ $( 1 )
$
$Corporate  public~
 ( 1 )~
$Corporate  privately placed~
r( 2 ) ( 1 )~
*( 23 ) ABS  CDO~
*  
  ABS  consumer and other~
 ~
( 2 )%Total fixed income securities~
( 2 ) ( 3 )~
N( 25 )Equity securities~
j~

 &Freestanding derivatives, net~
 
 &Total recurring Level 3 assets~
N~
$( 3 )~
N
$( 25 )
Liabilities
2*Contractholder funds: Derivatives embedded$( 284 )~
f
$
$
$%in life and annuity contracts+#Total recurring Level 3 liabilities$( 284 )~
f
$
$
$
Purchases
Sales Issues
Settlements#Balance as of June 30, 2018DOlj^RF:>+]
QoRes !"#$%&'()*+,./01234 Assets
!Fixed income securities:!!!!!!! !!!
!!!!!" Municipal~
"
""
"$""
" $""
"
$""~
"""#Corporate  public ####( 1 #)# # ###
( 3 #)#~
###$$Corporate  privately placed~
$.$$ $$$ $ $$$
( 28 $)$~
$$$% ABS  CDO %%% %%% % %%%
( 1 %)%~
%&%% &ABS  consumer and other~
&6&&&( 8 &)& & &&&
( 2 &)&~
&&&%'Total fixed income securities~
'j'''( 9 ')' ' '''
( 34 ')'~
'r''(Equity securities~
(^(((( 7 ()( ( (( (
((~
(((&)Freestanding derivatives, net ))) ))) ) )) )
))~
))~
)&*Total recurring Level 3 assets~
***
*$( 16 *)*
* $**
*
$( 34 *)*~
*:**++++++ ++
+++,Liabilities,,,,,,, ,,,
,,,,,2*Contractholder funds: Derivatives embedded
$
$ $( 1 )~

$( 257 )%.in life and annuity contracts+/#Total recurring Level 3 liabilities
/$//
/$/// $( 1 /)/~
/
///$( 257 /)/01$2____________________________13)Created by Morningstar Document Research.04(http://documentresearch.morningstar.com/.?:b(Mgw(,=PF0*8X>
@
443322//////
//
//

******
**
**))))))
))
))((((((
((
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&&
&&%%%%%%
%%
%%$$$$$$
$$
$$######
##
##""""""
""
""
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }2}$ }$}
$ }$}$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019:2Investments excluded from the fair value hierarchy
($ in millions)#
Three months ended June 30,
!
Six months ended June 30,~
~
~
~
Assets
Equity securities~
~
~
~
&Freestanding derivatives, net( 1 )  ( 1 )
&Total recurring Level 3 assets~
~
~
~
Liabilities
2*Contractholder funds: Derivatives embedded
$( 11 )~
$( 36 )~
f%in life and annuity contracts+#Total recurring Level 3 liabilities
$( 11 )~
$( 36 )~
f$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8p
j^RF:z `A5)=PF0*8X>
@
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }}$ }}$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Financial assets
($ in millions)
June 30, 2019
December 31, 2018Fair value levelCarryingFairCarryingFair
value
value
value
value
Mortgage loans
Level 3
~
.?
~
>A
~
n>
~
>
Bank loansLevel 3~
~
~
~
bAgent loansLevel 3~
:
~
B
~
~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.th\xKG;/=PF0*8X>
@
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }U5}$ }}$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Financial liabilities
($ in millions)
June 30, 2019
December 31, 2018Fair value levelCarryingFairCarryingFair
value
value
value
value4
,Contractholder funds on investment contracts
Level 3
~
B
~
~
~
v
Liability for collateralLevel 2~
~
~
6~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }$4}+}$ }
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"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019
Balance Sheet
3
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Volume (1)
Balance sheet locationNotionalNumber
Fair
Gross
Grossamount
of
value,
asset liability
contracts
netAsset derivatives
7/Derivatives designated as fair value accounting
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }$4}+}$ }
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"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019
Balance Sheet
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Volume (1)
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Grossamount
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }}$ }$}$ }$}
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08/07/2019+#5. Derivative Financial Instruments
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }U5}$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019+#5. Derivative Financial Instruments
($ in millions)#
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }1}$ }$}
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08/07/2019+#5. Derivative Financial Instruments
($ in millions))
!Realized capital gains and losses
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Total gain (loss) recognized in net income on
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }}$ }}$ }}$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019+#5. Derivative Financial Instruments
($ in millions)
June 30, 2019
December 31, 2018
Rating (1)!Number of counterpartiesNotional amount (2) Credit exposure (2)'
Exposure, net of collateral (2) Number ofNotionalCredit'Exposure, net of collateral (2)
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }7}$ }$}$ }$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019+#5. Derivative Financial Instruments
($ in millions)
As of June 30, 2019
As of December 31, 2018/'Gross liability fair value of contracts~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }0}$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019/'Credit derivatives  selling protection
($ in millions)
Notional amount
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June 30, 2019
Single name
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$
$
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }I;}$ }$}$ }$}
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"ALLSTATE LIFE INSURANCE CO10Q
08/07/20196. Reinsurance
($ in millions)#
Three months ended June 30,
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }}$ }$}$ }$}
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"ALLSTATE LIFE INSURANCE CO10Q
08/07/20196. Reinsurance
($ in millions)#
Three months ended June 30,
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }2}$ }$}$ }$}
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"ALLSTATE LIFE INSURANCE CO10Q
08/07/20196. Reinsurance
($ in millions)#
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)Summary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }1}$ }$}$ }$}
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08/07/2019%8. Other Comprehensive Income
($ in millions)#
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }1}$
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"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Summary analysis
($ in millions)#
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }2}$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Contract charges
($ in millions)#
Three months ended June 30,
!
Six months ended June 30,~
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#Traditional life insurance premiums~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract charges!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }y#}$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Contract benefits
($ in millions)#
Three months ended June 30,
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }2}$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/20191)Interest credited to contractholder funds
($ in millions)#
Three months ended June 30,
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Six months ended June 30,~
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Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contracthoAmortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }$4}U}$}$ }U}$}$ }U}$} $ }
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"ALLSTATE LIFE INSURANCE CO10Q
08/07/20191)Interest credited to contractholder funds
#
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Weighted averageinvestment yieldinterest crediting rate
investment spreads
~
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Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }I;}$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Amortization of DAC
($ in millions)#
Three months ended June 30,
!
Six months ended June 30,~
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Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DACContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }I;}$
!
"ALLSTATE LIFE INSURANCE CO10Q
08/07/20195Analysis of reserves and contractholder funds
($ in millions)
June 30, 2019
December 31, 2018"Traditional life insurance~
'~
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Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }$4}$
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"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Contractholder funds
($ in millions)#
Three months ended June 30,
!
Six months ended June 30,~
~
~
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^
~
~
~
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Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }y#}$ } }$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Portfolio composition
($ in millions)
Percent to total#Fixed income securities (1)~
NU9P@ %Mortgage loans~
.?~
2
Equity securities (2)~
ffffff@
%Limited partnership interests~
.3ffffff#@"Shortterm investments (3)~
@Policy loans~
333333?
Other~
"~
Total~
~
%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4{ocWHVs=PF0*8X>
@b
l Li
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }a/}$ }$}$ }$}
$ }$}$ }$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Performancebased
($ in millions)
Marketbased core
Marketbased active
Performancebased
TotalFixed income securities~
B~
F~
*~
NUMortgage loans~
.?  ~
.?
Equity securities~
j
~
*
~
6
~
%Limited partnership interests~
~
1~
.3Shortterm investments~
~
v ~
Policy loans~
 ~
Other~
&~
~
~
"
Total~
~
~
b6~
Percent to totallU@ %~
% $@ %~
%
/'Unrealized net capital gains and losses
Fixed income securities~
:~
$~
%Limited partnership interests  ~
~
Total~
:~
~
~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@
Dsg[CBVo=PF0*8X>
@7
l !}
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }0.}$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Fixed income securities
Fair value as of($ in millions)
June 30, 2019December 31, 2018$U.S. government and agencies~
V ~
Municipal~
~
N"
Corporate~
~
Foreign government~
~
'Assetbacked securities (?ABS?)~
~~
.&Residential mortgagebacked securities~
~
(?RMBS?)%Commercial mortgagebacked securities~
~
(?CMBS?)"Redeemable preferred stock~
:~
:%Total fixed income securities~
NU~
bN$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<ymaUp^#${=PF0*8X>
@
l &F
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesLimited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }2}$ }
}$
&
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Fixed income securities
($ in millions)
Investment grade
Below investment grade
Total
Fair
Unrealized Fair
UnrealizedFair
Unrealized&Percent rated investment grade
valuegain (loss)
value
gain (loss)
valuegain (loss)$
U.S. government and agencies~
V
~
$
$
~
V
~
~
% Municipal~
~
>~
~
~
~
B~
Corporate
Public~
~
~
^~
~
n~
,V@Privately placed~
H~
~
F~
v~
B[~
B~
BTotal Corporate~
~
~
(~
~
~
yU@Foreign government~
r~
&~
"
~
~
&fffffW@ABS
/'Collateralized debt obligations (?CDO?)~
J~
~
&~
~
n ̬P@2*Consumer and other assetbacked securities~
~
~
"
~
~
`X@&(?Consumer and other ABS?) (1) Total ABS~
:~
~
F~
~
~~
W@RMBS
1)U.S. government sponsored entities (?U.S.~
V~

~
V~
~
Agency?)
Nonagency~
B~
~
>~
~
~~
333333$@
Total RMBS~
~
~
>~
~
~
4@CMBS~
~
~~
~
~
ffffff@"Redeemable preferred stock~
:~

~
:~
~
DlymaUwr\2o>* !"#$%% Total fixed income securities~
( ~
~
^, ~
~
NU ~
~
^ %!"$#____________________________1$)Created by Morningstar Document Research.0%(http://documentresearch.morningstar.com/Id=PF0*8X>
@jm%%$$##
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Unrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }}$ }U}$ }U}
$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019%Limited partnership interests
($ in millions))
!Limited partnership interests (1)
Number of managers
(
Number of individual investments

%Largest exposure to single investmentPrivate equity~
F+~
F~
j
~
f
Real estate~
~
f~
~
~
Other~
~
~
~
Total~
.3~
~
>
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,sg[OwK?3=PF0*8X>
@r
l 2
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }0}$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019$Unrealized net capital gains
($ in millions)
June 30, 2019
December 31, 2018$U.S. government and agencies~
~
Municipal~
B~
Corporate~
~
Foreign government~
&~
&ABS~
RMBS~
~
CMBS~
~
"Redeemable preferred stock~
~
Fixed income securities~
~
^ EMA limited partnerships~
0(Unrealized net capital gains and losses,~
~
^pretax$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:7th\P+#5l vN=PF0*8X>
@
l &
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsNet investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }2}$
&
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019$Unrealized net capital gains
($ in millions)
Amortized
Gross unrealized
Faircost
Gains Losses
value
Corporate:
Banking~
~
~
~
Utilities~
2~
~
~
62*Consumer goods (cyclical and noncyclical)~
K~
^~
~
N
Capital goods~
$~
~
~
b&Energy~
:~
:~
~
f
Technology~
~
~
~
zCommunications~
~
~
~
Financial services~
~
~
~
RBasic industry~
n
~
~
~
2Transportation~
~
~
~
*
Other~
~
~
.&Total corporate fixed income portfolio~
~
~
J~
$U.S. government and agencies~
~
~
V Municipal~
v~
N~
~
Foreign government~
n~
& ~
ABS~
n~
~
~
~RMBS~
~
~
CMBS~
v~
~
~
"Redeemable preferred stock~
6~
~
:Dlth\Pog'11~4 !"#$%% Total fixed income securities~
@ ~
~
& ~
NU !"$#____________________________1$)Created by Morningstar Document Research.0%(http://documentresearch.morningstar.com/dK?3=PF0*8X>
@Z%%$$##
l
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }<(}$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Net investment income
($ in millions)#
Three months ended June 30,
!
Six months ended June 30,~
~
~
~
Fixed income securities~
~
~
~
Mortgage loans~
~
~
r
~
Equity securities~
:~
B~
R~
^%Limited partnership interests~
~
r~
~
Shortterm investments~
"~
~
B~
&Policy loans~
"~
"~
B~
>
Other~
b~
^~
~
)!Investment income, before expense~
~
~
6~
"Investment expense (1) (2)~
~
~
.~
>Net investment income~
~
~
b~
Marketbased core~
~
>~
~
B
Marketbased active~
2~
*~
^~
NPerformancebased~
~
~
~
")!Investment income, before expense~
~
~
6~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/D=l{ocW$
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@
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }U5}$
!
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Net investment income
($ in millions)#
Three months ended June 30,
!
Six months ended June 30,~
~
~
~
Limited partnerships
Private equity~
F
~
2
~
>
~
Real estate~
V~
B~
j~
b0(Performancebased  limited partnerships~
~
r~
~
Nonlimited partnerships
Private equity~
~
~
~
Real estate~
~
~
.~
.4,Performancebased  nonlimited partnerships~
"~
~
:~
2
Total
Private equity~
R~
6~
J~
Real estate~
j~
Z~
~
Total performancebased~
~
~
~
"
#Investee level expenses (1)~
~
~
~
$____________________________1)Created by Morningstar Document Research.Dkl{ocW$H?gZL=~r 0 (http://documentresearch.morningstar.com/H=PF0*8X>
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l ":;
dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }U5}$
"
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019)!Realized capital gains and losses
($ in millions)#
Three months ended June 30,
!
Six months ended June 30,~
~
~
~
Impairment writedowns
Fixed income securities~
~
~
~
%Limited partnership interests~
~
Other investments~
~
~
~
$Total impairment writedowns~
~
~
~
Sales~
~
~
'Valuation of equity investments~
~
*~
~
/'Valuation and settlements of derivative~
~
~
"~
instruments2*Realized capital gains and losses, pretax~
~
"~
~
$Income tax (expense) benefit~
~
~
^~
4,Realized capital gains and losses, aftertax~
~
~
f~
Marketbased core~
~
~
~~
Marketbased active~
.~
~
N~
Performancebased~
~
F~
B~
62*Realized capital gains and losses, pretax~
~
"~
~
$____________________________Dl{ocWK:/{(iRd !1 )Created by Morningstar Document Research.0!(http://documentresearch.morningstar.com/=PF0*8X>
@
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)Capital resourcesLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }a/}$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019;3Valuation and settlements of derivative instruments
($ in millions)#
Three months ended June 30,
!
Six months ended June 30,~
~
~
~
Impairment writedowns~
$~
$'
Valuation of equity investments~
~
&
~
>
~
&
/'Valuation and settlements of derivative~
~
"~
~
instrumentsTotal performancebased~
~
F~
B~
6$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0i]QE9y9zct=PF0*8X>
@
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deLiquidity exposureItem 6 Exhibits
EXHIBIT 15U }U5}$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Capital resources
($ in millions)
June 30, 2019
December 31, 20184,Common stock, retained income and additional~
vh~
dcapital paidin.
&Accumulated other comprehensive income~
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"Total shareholder?s equity~
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h$Notes due to related parties~
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2Total capital resources~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesItem 6 Exhibits
EXHIBIT 15U }$4}$ } }$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Liquidity exposure
($ in millions)
Percentto total/'Not subject to discretionary withdrawal~
*~
B %0
(Subject to discretionary withdrawal with
adjustments:'Specified surrender charges (1)~
E333333:@$Market value adjustments (2)~
@3+Subject to discretionary withdrawal without~
LJ@adjustments (3)&Total contractholder funds (4)~
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%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6~rfZp6p=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposure
EXHIBIT 15U }I }7}}}I }}
$
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019Item 6. Exhibits
!
Incorporated by Reference
ExhibitExhibit DescriptionFormFileExhibitFiling DateFiled orNumberNumber Furnished
Herewith~
>1)Acknowledgment of awareness from Deloitte X6.& Touche LLP, dated August 7, 2019, concerning/'unaudited interim financial information
31(i)1)Rule 13a14(a) Certification of Principal XExecutive Officer
31(i)1)Rule 13a14(a) Certification of Principal XFinancial Officer~
#Section 1350 Certifications X101.INS6.XBRL Instance Document  the instance document X/'does not appear in the Interactive Data/'File because its XBRL tags are embedded'within the Inline XBRL document101.SCH&XBRL Taxonomy Extension Schema X101.CAL4,XBRL Taxonomy Extension Calculation Linkbase X101.DEF3+XBRL Taxonomy Extension Definition Linkbase X101.LAB.&XBRL Taxonomy Extension Label Linkbase X101.PRE,$XBRL Taxonomy Extension Presentation XLinkbaseDlth\;vqBhf] !"# $!____________________________1")Created by Morningstar Document Research.0#(http://documentresearch.morningstar.com/<=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??F!ALLSTATE LIFE INSURANCE COMPANY!3075 Sanders Road Northbrook IlJune 30 2019Income Statement
Balance Sheet!CONDENSED CONSOLIDATED STATEMEN
Cash FlowsPremiums and contract charges!2 Supplemental Cash Flow Inform
Fair valuesScheduled maturitiesNet investment income!Realized capital gains and loss!Realized capital gains and (1)!Realized capital gains and (2)!Realized capital gains and (3)!Realized capital gains and (4)!Realized capital gains and (5)!Unrealized net capital gains an!Unrealized net capital gain (1)!Change in unrealized net capitaPortfolio monitoringPortfolio monitoring (1)Mortgage loansMortgage loans (1)Other investments!Investments excluded from the f!Investments excluded from t (1)!Investments excluded from t (2)!Investments excluded from t (3)!Investments excluded from t (4)!Investments excluded from t (5)!Investments excluded from t (6)!Investments excluded from t (7)Financial assetsFinancial liabilitiesBalance Sheet (1)Balance Sheet (2)!5 Derivative Financial Instrume!5 Derivative Financial Inst (1)!5 Derivative Financial Inst (2)!5 Derivative Financial Inst (3)!5 Derivative Financial Inst (4)!Credit derivatives selling prot
6 Reinsurance6 Reinsurance (1)6 Reinsurance (2)8 Other Comprehensive IncomeSummary analysisContract chargesContract benefits!Interest credited to contractho!Interest credited to contra (1)Amortization of DAC!Analysis of reserves and contraContractholder fundsPortfolio compositionPerformancebasedFixed income securitiesFixed income securities (1)Limited partnership interestsUnrealized net capital gainsUnrealized net capital g (1)Net investment income (1)Net investment income (2)!Realized capital gains and (6)!Valuation and settlements of deCapital resourcesLiquidity exposureItem 6 ExhibitsU }+
"ALLSTATE LIFE INSURANCE CO10Q
08/07/2019
EXHIBIT 15 ,
$Form S3 Registration Statement Nos.,
$Form N4 Registration Statement Nos.
333220830
333102934
333220831
333114560
333220832
333114561
333220835
333114562
333220836
333121693
333220837
333220569
333220570
333220580
333220581
333220605
333220606$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<znbJf:dB =PF0*8X>
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