UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported) April 26, 2004

Allstate Life Insurance Company
(Exact Name of Registrant as Specified in Charter)

Illinois (State or Other Jurisdiction of Incorporation)	0-31248 (Commission File Number)	36-2554642 (IRS Employer Identification Number)
3100 Sanders Road, Northbrook, Illinois (Address of Principal Executive Offices)		60062 (Zip Code)

Registrant's telephone number, including area code (847) 402-5000

Item 9.    Regulation FD Disclosure

        The registrant furnishes below its Condensed Consolidated Statements of Operations for the three month periods ended March 31, 2004 and 2003 and Condensed Consolidated Statements of Financial Position as of March 31, 2004 and December 31, 2003, prepared in conformity with accounting principles generally accepted in the United States of America:

ALLSTATE LIFE INSURANCE COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

	Three Months Ended March 31,
(in millions)	2004			2003
	Est.
Revenues
Premiums	$	151		$	317
Contract charges		234			209
Net investment income		783			760
Realized capital gains and losses		(27	)		(42	)
		1,141			1,244
Costs and expenses
Contract benefits		336			467
Interest credited to contractholder funds		449			432
Amortization of deferred policy acquisition costs		115			172
Operating costs and expenses		102			121
		1,002			1,192
Loss on disposition of operations		(3	)		—
Income from operations before income tax expense and cumulative effect of change in accounting principle, after-tax		136			52
Income tax expense		45			13
Income before cumulative effect of change in accounting principle, after-tax		91			39
Cumulative effect of change in accounting principle, after-tax		(175	)		—
Net (loss) income	$	(84	)	$	39

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ALLSTATE LIFE INSURANCE COMPANY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

		March 31, 2004		December 31, 2003
(in millions, except par value data)		Est.
Assets
Investments
	Fixed income securities, at fair value (amortized cost $50,198 and $48,401)	$	54,317	$	51,578
	Mortgage loans		6,573		6,354
	Equity securities		260		164
	Short-term		1,319		765
	Policy loans		682		686
	Other		443		442
	Total investments		63,594		59,989
Cash			152		121
Deferred policy acquisition costs			2,672		3,202
Reinsurance recoverables, net			1,310		1,185
Accrued investment income			591		567
Other assets			351		323
Separate Accounts			13,550		13,425
	Total assets	$	82,220	$	78,812
Liabilities
Contractholder funds		$	46,997	$	44,914
Reserve for life-contingent contract benefits			10,919		10,480
Unearned premiums			29		32
Payable to affiliates, net			112		114
Other liabilities and accrued expenses			3,462		2,594
Deferred income taxes			623		779
Long-term debt			45		45
Separate Accounts			13,550		13,425
	Total liabilities		75,737		72,383
Shareholder's Equity
Redeemable preferred stock—series A, $100 par value, 1,500,000 shares authorized, 815,460 issued and outstanding			82		82
Common stock, $227 par value, 23,800 shares authorized and outstanding			5		5
Additional capital paid-in			1,067		1,067
Retained income			4,113		4,222
Accumulated other comprehensive income:
	Unrealized net capital gains and losses and net gains and losses on derivative financial instruments		1,216		1,053
	Total accumulated other comprehensive income		1,216		1,053
	Total shareholder's equity		6,483		6,429
	Total liabilities and shareholder's equity	$	82,220	$	78,812

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SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	ALLSTATE LIFE INSURANCE COMPANY
	By	/s/  SAMUEL H. PILCH
	Name:	Samuel H. Pilch
	Title:	Controller
April 26, 2004

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