Allstate Advisor. Variable Annuity QUARTERLY PERFORMANCE UPDATE AS OF JUNE 30, 2018 PA246

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1 QUARTERLY PERFORMANCE UPDATE AS OF JUNE 30, 2018 Allstate Advisor Variable Annuity You should carefully consider the investment objectives, risks and charges and expenses of the investment alternatives available under the Allstate Advisor Variable Annuity Contract before purchasing a Contract or investing money. This report contains only performance information pertaining to the variable sub-accounts. This quarterly performance update is only approved for distribution to prospective investors when preceded by or accompanied with a current product prospectus. Additional information can be found in the prospectuses for the Allstate Advisor Variable Annuity Contract and the underlying portfolios. You may obtain a replacement prospectus or a copy of the underlying portfolio prospectuses from your Financial Advisor or by visiting our website at Please read the prospectuses carefully before purchasing a contract or sending money. Issuer Allstate Life Insurance Company 3100 Sanders Road Northbrook, IL Principal Underwriter Allstate Distributors, LLC 3075 Sanders Road Northbrook, IL PA246

2 The standardized performance data shown in this report represents the past performance of the variable sub-accounts available under the Allstate Advisor Contract since first offered by the Separate Account. Performance returns shown represent the average percent change in the accumulation unit value (accounting unit of measure which includes changes in market value, impact of dividend and capital gain reinvestment as well as the deduction of management fees and insurance charges) for the period indicated.all standardized return figures are for sub-accounts of the Separate Account and are based on the change in unit value, which reflect expenses such as the combined 1.29% Mortality and Expense risk charge and Administrative Expense charge, and the $30 Annual Contract Maintenance Fee. Returns are also adjusted for surrender charges, which range between 0% and 7% over a 7 year period, and assume the maximum rate for the applicable contract year. Additional charges associated with optional riders available under the Contract have not been included. Such charges, if included, would reduce the performance shown. The performance returns shown reflect an initial investment of $1,000. Standardized performance returns are calculated as of the most recent quarter-end. Past performance does not guarantee future results. The investment return and value of amounts allocated to the investment alternatives may rise or fall, so that your accumulation units, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance data shown in this report. The Contract includes a variable sub-account that invests in a money market portfolio. An investment in this variable sub-account and the underlying portfolio is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. While the underlying money market portfolio seeks to preserve the value of its shares at $1.00 per share, it is possible to lose money by investing in the Variable Sub- Account. The accumulation unit value of a variable sub-account investing in a money market portfolio will rise and fall to reflect deduction of contract expenses and changes in the yield and share value of the underlying money market portfolio. It is important to note, when contract expenses and charges are taken into consideration, it is possible that accumulation units, when redeemed, may be worth less than their original cost. The current yield reflects the seven-day annualized net investment income per accumulation unit as of the date specified and does not take into consideration the effects of capital gains or losses. The effective yield is similar to the current yield but reflects the compounding of income. You may obtain the most recent available month-end performance data on our website at www. accessallstate.com. Page 1 of 8

3 Allstate Advisor Variable Annuity Investment Alternatives 1 Footnotes 1 Year 5 Year 10 Year Standardized Performance as of 06/30/2018 Since Inception Sub-Account Inception Fidelity VIP II Contrafund - Service Class % 7.80% 4.30% 4.40% 5/1/2001 Fidelity VIP Freedom 2010 Portfolio - Service Class % 0.99% 1.08% 0.83% 5/1/2006 Fidelity VIP Freedom 2020 Portfolio - Service Class % 2.26% 1.37% 1.00% 5/1/2006 Fidelity VIP Freedom 2030 Portfolio - Service Class % 3.97% 1.99% 1.43% 5/1/2006 Fidelity VIP Freedom Income Portfolio - Service Class % -1.34% -0.56% -0.48% 5/1/2006 Fidelity VIP III Growth Opp - Service Class % 13.48% 8.13% 6.32% 5/1/2006 Fidelity VIP II Index Service Class % 8.59% 5.49% 1.22% 5/1/2001 Fidelity VIP III Mid-Cap - Service Class % 7.45% 4.54% 6.29% 4/29/2005 FTVIP Franklin Growth and Income Fund - CL 2 3, % 5.24% 4.14% 4.66% 10/14/2002 FTVIP Franklin Income Fund - CL 2 3, % 1.15% 1.89% 2.64% 4/30/2004 FTVIP Franklin Large Cap Growth Fund - CL 2 3, 5, % 9.29% 5.32% 3.46% 10/1/2004 FTVIP Franklin Mutual Global Discovery Fund - CL 2 3, 6, 7, % 2.16% 2.36% 4.17% 4/29/2005 FTVIP Franklin Mutual Shares Fund - CL 2 3, 6, 7, 8, % 3.03% 2.17% 4.14% 10/14/2002 FTVIP Franklin Small Cap Value Fund - CL 2 3, % 6.18% 5.03% 8.26% 10/14/2002 FTVIP Franklin Small-Mid Cap Growth Fund - CL 2 3, 5, 8, % 6.44% 4.67% 7.33% 10/14/2002 FTVIP Franklin U.S. Government Fund - CL 2 3, 9, % -4.26% -1.97% -1.40% 4/30/2004 FTVIP Templeton Developing Markets Fund - CL 2 3, 8, % -1.58% -3.20% 7.52% 10/14/2002 FTVIP Templeton Foreign Fund - CL 2 3, 7, 8, % -1.32% -2.27% 3.80% 10/14/2002 FTVIP Templeton Global Bond Fund - CL 2 10, 3, 8, % -4.32% 1.50% 4.26% 10/14/2002 Invesco V.I. American Franchise Fund - Series II 10, 11, % 11.39% 5.99% 5.29% 10/14/2002 Invesco V.I. American Value Fund - Series I 11, 12, % 4.43% 5.31% 8.44% 10/14/2002 Invesco V.I. American Value Fund - Series II 11, 12, 14, % 4.15% 5.08% 7.43% 5/5/2003 Invesco V.I. Comstock Fund - Series II 11, % 5.57% 5.57% 3.10% 5/1/2002 Invesco V.I. Equity and Income Fund - Series II 11, % 3.37% 3.79% 4.34% 5/1/2003 Invesco V.I. Growth and Income Fund - Series II 11, % 5.59% 4.39% 5.97% 10/14/2002 Invesco V.I. Mid Cap Growth Fund - Series II 11, % 7.36% 4.35% 6.54% 10/14/2002 Lord Abbett Series Fund - Bond-Debenture Portfolio -7.21% 0.85% 3.18% 2.61% 10/1/2004 Lord Abbett Series Fund - Fundamental Equity Portfolio -5.09% 4.08% 3.67% 4.09% 10/1/2004 Lord Abbett Series Fund - Growth and Income Portfolio -4.49% 4.88% 2.71% 2.03% 10/1/2004 Lord Abbett Series Fund - Growth Opportunities Portfolio 3.82% 6.69% 5.08% 5.44% 10/1/2004 Lord Abbett Series Fund - Mid-Cap Stock Portfolio -8.44% 4.01% 3.38% 2.66% 10/1/2004 Page 2 of 8

4 Allstate Advisor Variable Annuity Investment Alternatives 1 Footnotes 1 Year 5 Year 10 Year Standardized Performance as of 06/30/2018 Since Inception Sub-Account Inception Oppenheimer Capital Appreciation Fund/VA - CL % 8.41% 2.91% 4.21% 5/1/2003 Oppenheimer Conservative Balanced Fund - CL 2 15, % 0.77% -2.71% 0.81% 10/14/2002 Oppenheimer Total Return Bond Fund/VA - Service 15, % -2.21% -5.80% -4.75% 10/1/2004 Oppenheimer Disc Mid Cap Growth Fund - CL % 9.44% 4.19% 5.31% 10/14/2002 Oppenheimer Global Fund/VA - CL 2 7, % 6.92% 4.25% 7.43% 10/14/2002 Oppenheimer Global Strat Income Fund/VA - CL 2 7, % -2.95% -0.88% 1.84% 10/14/2002 Oppenheimer Main Street Fund/VA - CL % 7.37% 4.09% 4.87% 10/14/2002 Oppenheimer Main St Sm Cap Fund/VA- CL % 7.81% 6.81% 8.52% 10/14/2002 Putnam VT Equity Income Fund - Class IB % 6.58% 4.67% 1.87% 4/30/1999 Putnam VT George Putnam Balanced Fund - Class IB % 3.74% 0.94% -0.98% 4/30/1999 Putnam VT Global Asset Allocation Fund - Class IB 7, % 3.95% 2.97% 0.15% 4/30/1999 Putnam VT Global Health Care Fund - Class IB 7, % 7.47% 7.13% 2.86% 4/30/1999 Putnam VT Global Utilities Fund - Class IB 7, % 1.13% -4.32% -1.67% 4/30/1999 Putnam VT Growth Opportunities Fund - Class IB 7, % -8.65% -1.89% -5.08% 4/30/1999 Putnam VT High Yield Fund - Class IB % -0.36% 2.70% 1.61% 4/30/1999 Putnam VT Income Fund - Class IB % -2.05% 1.16% 0.65% 4/30/1999 Putnam VT International Equity Fund - Class IB 7, % 1.49% -3.44% -0.18% 4/30/1999 Putnam VT Investors Fund - Class IB % 8.64% 5.86% -3.12% 4/30/1999 Putnam VT Government Money Market Fund - Class IB 20, 18, 21, % -5.26% -4.79% -3.53% 4/30/1999 Putnam VT Sustainable Leaders Fund - Class IB 23, % 11.17% 5.92% -1.34% 4/30/1999 Putnam VT Research Fund - Class IB % 9.02% 6.12% -0.37% 4/30/1999 Morgan Stanley VIF Emerging Markets Debt Portfolio, Class II 24, 12, % -2.13% 0.89% 3.98% 12/19/2002 Morgan Stanley VIF Global Franchise Portfolio, Class II 7, 26, 27, % 6.29% 6.96% 6.58% 12/31/2003 Morgan Stanley VIF Growth Portfolio, Class I 28, 12, % 17.34% 10.07% 9.37% 10/14/2002 Morgan Stanley VIF Growth Portfolio, Class II 29, 12, 14, % 17.03% 9.75% 9.07% 5/5/2003 Morgan Stanley VIF Mid Cap Growth Portfolio, Class II 30, % 7.29% 5.26% 8.90% 5/5/2003 Morgan Stanley VIF U.S. Real Estate Portfolio, Class II 31, 12, % 2.41% 2.43% 7.49% 11/5/2002 Page 3 of 8

5 Current 7-Day Yield: Effective 7-Day Yield: Putnam VT Government Money Market Fund - Class IB* 0.00% 0.00% *The yield quotation more closely reflects the current earnings of the money market funds than the total return quotations. Page 4 of 8

6 FOOTNOTES 1. Certain underlying portfolios may be absorbing, on a voluntarily basis, some portion of portfolio expenses. Without these arrangements, which can be subject to change at any time, the total performance returns of such portfolios would be less. Stocks offer the potential for long-term gains but can be subject to short-term volatile price movements. The performance of individual stocks and/or sectors can, at times, significantly exceed historical norms. Investors generally should not expect such extraordinary results. Portfolios offered by variable insurance trusts may not be managed by the same portfolio managers who manage retail mutual funds with similar names. These portfolios are likely to differ from retail mutual funds in assets, cash flow, and tax matters. Accordingly, the holdings and performance of these portfolios can be expected to vary from retail mutual funds. Each sub-account has its own unique risks associated with an investment in the underlying portfolio. For a detailed description of these principal risks, please refer to the portfolio prospectuses before investing. Foreign securities, in which certain of the portfolios may invest, pose different and possibly greater risks than those associated with domestic securities, including currency fluctuations, economic instability, and social and political developments. These risks are heightened in emerging markets. Emerging market securities may also involve heightened risks due to their smaller size and potential lack of liquidity. International funds concentrate their investments in the securities of foreign issuers. Portfolios that invest in securities issued by small cap, mid cap, or emerging growth companies have a greater risk of price fluctuation than portfolios that invest in securities of larger, more established companies. Certain portfolios may invest in below-investment-grade securities, which carry a greater risk of default. Investments in these securities are concentrated in high-yield, fixed-income securities, also known as junk bonds. As they tend to be more volatile than higher rated bonds, these securities have a higher credit risk and a higher possibility of loss of principal. 2. On 04/24/2015, the Fidelity VIP Growth Stock Portfolio - Service Class 2 fund merged into the Fidelity VIP III Growth Opportunities - Service Class 2 fund. 3. A series of Franklin Templeton Insurance Products Trust, shares of which are generally sold only to Insurance Company separate accounts to serve as investment options for variable insurance products. 4. The portfolios Class 2 shares (12b-1 class) were first offered on 01/06/1999, except for the Templeton Developing Markets Securities and Templeton Foreign Securities portfolios, which were first offered on 05/01/1997. For periods prior to these dates, the performance shown is based on the historical performance of the portfolios Class 1 shares (non-12b-1 class), adjusted to reflect the 12b-1 fees of the portfolios 12b-1 class shares. 5. By having considerable investments in particular sectors from time to time, the fund may experience more volatility than a fund with a more broadly diversified portfolio. 6. Invests in companies involved in mergers, liquidations, reorganizations and bankruptcies, which may include defaulted debt, involve higher credit and other risks. IFS-A Ed. 10/2006 Page 5 of 8

7 7. The underlying fund's investments in fewer issuers or industries makes it subject to greater risk and volatility than a fund that invests more broadly. The fund's ability to invest in fewer issuers or industries increases the fund's vulnerability to factors affecting a single investment or a single group of industries; therefore, the fund may be more exposed to the risks of loss and volatility than a fund that invests more broadly. 8. The underlying fund's concentration in a single sector makes it subject to greater risk and volatility than other funds that are more diversified. The value of its shares may be substantially affected by economic events within the sector. 9. Interest rate movements and mortgage prepayment rates may impact the fund s share price and yield. Thus as the prices of bonds in the fund s portfolio adjust to a rise in interest rate, the fund s share price may decline. 10. The fund may invest up to 25% of its assets in foreign securities that involve risks not associated with investing solely in the United States. 11. The portfolios Class II shares (12b-1 class) were first offered on 09/18/2000, except for the Van Kampen LIT Money Market portfolio which was first offered on 12/18/2000. For periods prior to these dates, the performance shown is based on the historical performance of the portfolios Class I shares (non-12b-1 class), adjusted to reflect the 12b-1 fees of the portfolios 12b-1 class shares. 12. Morgan Stanley Investment Management Inc., an affiliate of Van Kampen Investments Inc. and the Advisor to the UIF Portfolios, does business in certain instances using the name Van Kampen. 13. The Variable Sub-Accounts that invest in the Van Kampen UIF Equity Growth Portfolio, Class II and the Van Kampen UIF U.S. Mid Cap Value Portfolio, Class II are offered with Contracts issued on or after 05/01/2004. Contracts issued prior to 05/01/2004 may only invest in the Variable Sub-Accounts that invest in the Van Kampen UIF Equity Growth Portfolio, Class I and the Van Kampen UIF U.S. Mid Cap Value Portfolio, Class I. 14. The portfolios Class II shares (12b-1 class) were first offered on 05/05/2003. For periods prior to these dates, the performance shown is based on the historical performance of the portfolios Class I shares (non- 12b-1 class), adjusted to reflect the 12b-1 fees of the portfolios 12b-1 class shares. 15. The portfolios Service Shares (12b-1 class) were first offered on 10/16/2000, except for the Oppenheimer Strategic Bond, Oppenheimer High Income, Oppenheimer Main Street Small Cap, Oppenheimer Balanced, Oppenheimer Core Bond, and Oppenheimer Capital Appreciation portfolios, which were first offered on 03/16/2001, 09/17/2001, 07/16/2001, 04/30/2002, 05/02/2002, and 09/18/2001, respectively. For periods prior to these dates, the performance shown is based on the historical performance of the portfolios non-12b-1 class shares, adjusted to reflect the 12b-1 fees of the portfolios 12b-1 class shares. 16. On 04/30/2015, the Oppenheimer Capital Income Fund - Class 2 changed its name to the Oppenheimer Conservative Balanced Fund - Class On 04/28/2017, the Oppenheimer Core Bond Fund/VA - CL 2 fund changed its name to the Oppenheimer Total Return Bond Fund/VA - Service fund. IFS-A Ed. 10/2006 Page 6 of 8

8 18. The portfolios Class IB shares (12b-1 class) were first offered on 04/30/1998, except for the Putnam VT Growth and Income and Putnam VT Research portfolios, which were first offered on 04/06/1998 and 09/30/1998, respectively. For periods prior to these dates, the performance shown is based on the historical performance of the portfolios Class IA shares (non-12b-1 class), adjusted to reflect the 12b-1 fees of the portfolios 12b-1 class shares. 19. On 11/18/2016, the Putnam VT Voyager Fund - Class IB fund was merged into the Putnam VT Growth Opportunities Fund - Class IB fund. 20. On 04/30/2016, the Putnam VT Money Market Fund - Class IB fund changed its name to the Putnam VT Government Money Market Fund - Class IB fund. 21. Money market funds are not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Although the fund seeks to maintain a constant share price of $1, it is possible to lose money by investing in the fund. 22. On 04/28/2017, the UIF Small Company Growth Portfolio, Class II fund liquidated into the Putnam VT Government Money Market Fund - Class IB fund. 23. On 04/30/2018, the Putnam VT Multi-Cap Growth Fund - Class IB fund changed its name to the Putnam VT Sustainable Leaders Fund Fund - Class IB fund. 24. On 05/01/2017, the UIF Emerging Markets Debt Portfolio, Class II fund changed its name to the Morgan Stanley VIF Emerging Markets Debt Portfolio, Class II fund. 25. The portfolios Class II shares (12b-1 class) were first offered on 12/19/2002 for the Emerging Markets Debt portfolio and on 11/05/2002 for the U.S. Real Estate portfolio. For periods prior to these dates, the performance shown is based on the historical performance of the portfolios Class I shares (non-12b-1 class), adjusted to reflect the 12b-1 fees of the portfolios 12b-1 class shares. 26. The fund's concentration in a smaller number of companies makes it more susceptible to risks associated with a single economic, political or regulatory occurrence than a more diversified portfolio. 27. On 05/01/2017, the UIF Global Franchise - Class II fund changed its name to the Morgan Stanley VIF Global Franchise - Class II fund. 28. On 05/01/2017, the UIF Growth Portfolio, Class I fund changed its name to the Morgan Stanley VIF Growth Portfolio, Class I fund. 29. On 05/01/2017, the UIF Growth Portfolio, Class II fund changed its name to the Morgan Stanley VIF Growth Portfolio, Class II fund. 30. On 05/01/2017, the UIF Mid Cap Growth Portfolio, Class II fund changed its name to the Morgan Stanley VIF Mid Cap Growth Portfolio, Class II fund. 31. On 05/01/2017, the UIF U.S. Real Estate Portfolio, Class II fund changed its name to the Morgan Stanley VIF U.S. Real Estate Portfolio, Class II fund. IFS-A Ed. 10/2006 Page 7 of 8

9 Annuities are long term investment vehicles designed for retirement purposes. Withdrawals or surrenders may be subject to surrender charges. Distributions taken prior to annuitization are generally considered to come from the gain in the contract first. If the contract is tax qualified, generally all withdrawals are treated as distribution of gain. Withdrawals of gain are taxed as ordinary income tax, and if taken prior to age 59 ½, may be subject to an additional 10% federal tax penalty. Withdrawals have the effect of reducing death benefits and cash surrender value. Annuities are not insured or guaranteed by the FDIC. Allstate Advisor Variable Annuity is a flexible-premium deferred variable annuity contract issued by Allstate Life Insurance Company, and is underwritten by Allstate Distributors, L.L.C., both of Northbrook, IL. Contracts are sold through agreements with registered representatives or bank employees who are licensed insurance agents. Please check for availability in your specific state. Allstate Advisor Variable Annuity is available in most states through Certificate form number PA125 under Master Group Policy PA124 as filed in the state of Illinois. It is available in a limited number of states as an individual contract under PA126. This communication, and the information contained within, is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. The entity(ies) set forth on this communication are not acting as your fiduciary as defined by any applicable laws and regulations. Please consult with your qualified investment professional about managing or investing your retirement savings. NOT FDIC, NCUA/ NCUSIF INSURED NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY NOT A DEPOSIT NO BANK OR CREDIT UNION GUARANTEE Variable annuities are not protected by the Securities Investor Protection Corporation (SIPC) as to the loss of the principal amount invested. MAY LOSE VALUE IFS-A Ed. 10/2006 Page 8 of 8