Ælfric succeeded ealdorman Æthelmær to the county of Hampshire and possibly Wiltshire in about 982.
Though one of the king's most trusted men, Ælfric in 992 defected to a Danish fleet that he was supposed to attack.
Ælfric was at some point reconciled with Æthelred, since the Anglo-Saxon Chronicle has him fighting for the English in 1016, but in 1003 he supposedly pretended to be sick in order to avoid leading an army from Wiltshire and Hampshire against Sweyn Forkbeard, who was allowed to pillage Wilton.
In a charter from 993 Ælfric was censured for buying the abbacy of Abingdon for his brother Eadwine and encouraging the king to alienate the abbey's lands to laymen, among whom his son Ælfgar should probably be numbered.
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