Everlake Life

Everlake Life Insurance Company (NAIC 60186) represents a modern example of how mature life blocks are transferred and managed. Everlake states it was established on Nov. 1, 2021 through the acquisition of Allstate Life Insurance Company and Allstate Assurance Company, and it operates as a U.S. life and annuity platform. [1] Allstate's public filings describe the buyer as Everlake US Holdings Company (formerly Antelope), an affiliate of an investment fund associated with Blackstone, and note that Allstate entered an agreement to sell the life insurance entity for approximately $2.8 billion. [2] Allstate later announced the closing of the transaction with entities managed by Blackstone. [3]

Regulator data also reflects the transition: California's company profile shows the carrier's prior name as Allstate Life Insurance Company and records the more recent name change to Everlake Life Insurance Company. [4] Strategically, these transactions aim to give policyholders continuity of service while allowing the seller to redeploy capital. For Everlake, the opportunity is to run long-duration liabilities with disciplined asset-liability management and careful governance through changing interest-rate cycles. Public sources reviewed describe the ownership change and licensing history; detailed reinsurance counterparties, if any, are generally disclosed in statutory filings rather than high-level company summaries. [1][2]

Sources: [1] https://www.everlakelife.com/about-us; [2] https://www.sec.gov/ixviewer/documents/20210514/all-20210514x8k.htm?doc=1; [3] https://www.allstateinvestors.com/news-events/press-releases/default.aspx; [4] https://interactive.web.insurance.ca.gov/companyprofile/companyprofile?doFunction=getCompanyProfile&eid=11040&event=companyProfile.