<PAGE>
FORM 10-Q
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
[x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended: March 31, 1996
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Commission file number: 33-47245
ALLSTATE LIFE INSURANCE COMPANY OF NEW YORK
(Exact name of registrant as specified in its charter)
NEW YORK 36-2608394
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
One Allstate Drive
P.O. Box 9095
Farmingville, New York 11738
(Address of principal executive offices)
(Zip Code)
516/451-5300
(Registrant's telephone number, including area code)
Not Applicable
(Former name, former address and former fiscal year,
if changed since last report)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.
Yes./X/.. No
Indicate the number of shares of each of the issuer's classes of common
stock, as of March 31, 1996; there were 80,000 shares of common capital stock
outstanding, par value $25 per share all of which shares are held by Allstate
Life Insurance Company.
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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 of New York
(Registrant)
DATE May 14, 1996 /s/MICHAEL J. VELOTTA *
------------ -----------------------
LOUIS G. LOWER, II
CHAIRMAN OF THE BOARD OF DIRECTORS
and PRESIDENT
(Principal Executive Officer)
DATE May 14, 1996 /s/BARRY S. PAUL
------------ ------------------
BARRY S. PAUL
ASSISTANT VICE PRESIDENT
and CONTROLLER
(Chief Accounting Officer)
*by Michael J. Velotta, Vice President, Secretary and General Counsel pursuant
to Power of Attorney dated January 5, 1993, previously filed with Form S-1
Registration Statement, File No. 33-47245, filed October 12, 1993, copy attached
hereto.
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POWER OF ATTORNEY
WITH RESPECT TO THE ALLSTATE LIFE INSURANCE COMPANY OF NEW YORK
CUSTOM ANNUITY CONTRACT
Know all men by these presents that Louis G. Lower, II, whose signature
appears below, constitutes and appoints Michael J. Velotta, his attorney-in-
fact, with power of substitution, and is in any and all capacities, to sign any
registration statements and amendments thereto for the Allstate Life Insurance
Company of New York Custom Annuity Contract and to file the same, with exhibits
thereto and other documents in connection therewith, with the Securities and
Exchange Commission, hereby ratifying and confirming all that each of said
attorneys-in-fact, or his substitute or substitutes, may do or cause to be done
by virtue hereof.
January 5, 1993
---------------
Date
/s/ LOUIS G. LOWER, II
----------------------
Louis G. Lower, II
Chairman of the Board of Directors
& President
Allstate Life Insurance Company
of New York
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 7
<LEGEND> This schedule contains summary financial information extracted from
Statements of Financial Position; Statements of Operations; and Statements of
Cash Flows and is qualified in its entirety by reference to such financial
statements.</LEGEND>
<MULTIPLIER> 1,000
<S> <C> <C>
<PERIOD-TYPE> 3-MOS 12-MOS
<FISCAL-YEAR-END> DEC-31-1996 DEC-31-1995
<PERIOD-START> JAN-01-1996 JAN-01-1995
<PERIOD-END> MAR-31-1996 DEC-31-1995
<DEBT-HELD-FOR-SALE> 1,334,675 1,424,893
<DEBT-CARRYING-VALUE> 0 0
<DEBT-MARKET-VALUE> 0 0
<EQUITIES> 0 0
<MORTGAGE> 85,454 86,394
<REAL-ESTATE> 0 0
<TOTAL-INVEST> 1,451,151 1,541,329
<CASH> 1,541 1,472
<RECOVER-REINSURE> 3,548 3,331
<DEFERRED-ACQUISITION> 55,550 53,944
<TOTAL-ASSETS> 1,766,625 1,842,969
<POLICY-LOSSES> 811,450 838,739
<UNEARNED-PREMIUMS> 0 0
<POLICY-OTHER> 0 0
<POLICY-HOLDER-FUNDS> 506,817 499,548
<NOTES-PAYABLE> 0 0
<COMMON> 2,000 2,000
0 0
0 0
<OTHER-SE> 208,326 248,067
<TOTAL-LIABILITY-AND-EQUITY> 1,766,625 1,842,969
28,804 148,316
<INVESTMENT-INCOME> 27,594 104,384
<INVESTMENT-GAINS> (69) (1,846)
<OTHER-INCOME> 0 0
<BENEFITS> 43,017 198,055
<UNDERWRITING-AMORTIZATION> 1,147 5,502
<UNDERWRITING-OTHER> 0 0
<INCOME-PRETAX> 7,692 29,433
<INCOME-TAX> 2,767 9,911
<INCOME-CONTINUING> 4,925 19,522
<DISCONTINUED> 0 0
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> 4,925 19,522
<EPS-PRIMARY> 61.56 244.03
<EPS-DILUTED> 61.56 244.03
<RESERVE-OPEN> 5,009 3,527
<PROVISION-CURRENT> 3,527 10,806
<PROVISION-PRIOR> 53 134
<PAYMENTS-CURRENT> 4,166 9,397
<PAYMENTS-PRIOR> 93 60
<RESERVE-CLOSE> 4,330 5,009
<CUMULATIVE-DEFICIENCY> 0 0
</TABLE>
