Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Over the last 20 years, insiders at Allstate Corp have traded over $110,916,122 worth of Allstate Corp stock and bought 62,875 units worth $3,501,510 On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Mario Rizzo Glenn T. Shapiro BASE PAY $836,539 BONUS + INCENTIVE COMP $1,906,680 TOTAL CASH COMPENSATION $2,743,219 STOCK AWARD VALUE $1,621,454 OPTION AWARD VALUE $1,101,729 TOTAL EQUITY $2,723,183 TOTAL OTHER $34,593 TOTAL COMPENSATION $5,500,995 Q The information shown here is a reporting of information included in the company's proxy statement. . As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Oops! . Finance has been a key part of building our strategy by partnering and collaborating with our businesses and deploying capital to support and accelerate our strategy with strategic acquisitions. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. And the thing that stands out most to me is that the execution felt just like any other deal that Ive been part of, and it was a resounding success. document.write(new Date().getFullYear()); Allstate Insurance Company. What is your take on integrating sustainability into financial planning? We began by discussing how Allstate has differentiated itself in a highly commoditized market where cost savings trumps all, and how the finance team historically a risk-averse business area has helped the company stay ahead of the curve. Together we can continue to drive systemic change. Board of Directors in ALLSTATE CORP Please try again. These products are marketed under the Allstate, Encompass and Esurance brand names. As the Chief Financial Officer and Executive Vice President of Allstate Corp, the total compensation of Mario Rizzo at Allstate Corp is $4,426,140. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. All proxy statements are public filings made available to the general public by the SEC. Location data not available. Mr. Rizzo earned a salary of $748,616.00, stock awards of $1,349,579.00, options awards of $917,031.00, non-equity compensation of $1,478,500.00, and other compensation of $25,790.00. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. Of this total $748,616 was received as a salary, $1,478,500 was received as a bonus, $917,031 was received in stock options, $1,349,579 was awarded as stock and $25,790 came from other types of compensation. Do it. But our solution set is much broader than just reinsurance. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Thorough reviews have been conducted to assure this data accurately reflects disclosures. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . What is the salary of Mario Rizzo? Mr Rizzo is 54, he's been the Exec. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. But we went on to discuss Allstates proactive approach to certain climate change risks, as well as the firms recent efforts around diversity, equity and inclusion (DE&I). Shapiro joined Allstate as chief claims officer in 2016 . The Allstate Health and Benefits offers voluntary benefits and individual life and health products, including life, accident, critical illness, short term disability and other health insurance products sold through workplace enrolling independent agents and Allstate exclusive agencies. Nathan Ellsworth. Information on this page was last updated on 2/22/2023. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. BREAKING: Tiny biotech successfully treats blindness. This information is according to proxy statements filed for the 2021 fiscal year. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. The most recent stock trade was executed by Jesse E Merten on 22 February 2023, trading 38,659 units of ALL stock currently worth $3,577,504. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Mario Rizzo occupies the position of Chief Financial Officer & Executive Vice President for The Allstate Corp. and Chief Financial Officer & Executive Vice President of Allstate Insurance Co. (a subsidiary of The Allstate Corp.). This report is not for commercial use. Our goal is providing affordable, simple and connected, digital-first experience to our customers; and were focused on delivering that experience through the four key elements of our strategy: expanding customer access across distribution channels, improving customer value through innovative product design and affordable prices, increasing the level and sophistication of our marketing investment, and building a new technology ecosystem. VP & CFO of Allstate Corp since . Log in, Subscribers need to be logged in to see rest of this article. Owner. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. (312) 263-1661 |info@feichicago.org|www.feichicago.org. "Mario Rizzo, president of Allstate Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. Executive Vice President and Chief Financial Officer. Allstate. The Protection Services provides a range of products and services that expand and enhance customer value propositions including SquareTrade, Arity, Allstate Roadside and Allstate Dealer Services. Chicago CFO of the Year is a registered trademark of FEI Chicago. Prior to becoming CFO in 2018, Rizzo served as Chief Financial Officer of Allstate Personal Lines (APL), where he was responsible for its comprehensive financial planning and analytics. In addition, he makes $4,426,140 as Chief Financial Officer and Executive Vice President at Allstate Corp. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. Your update should be done soon. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. There are 24 older and 6 younger executives at Allstate Corp. Over the last 20 years, insiders at Allstate Corp have traded over $110,916,122 worth of Allstate Corp stock and bought 62,875 units worth $3,501,510 However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. Learn More about insider trades at Allstate. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Its a broad set of actions, covering everything from pay practices and representation goals, to supplier diversity and adding a new racial equity pillar to the corporate foundation. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. This report is not for commercial use. We can help protect your phone, your appliances and electronics, and your identity. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. The charts on this page feature a breakdown of the total annual pay for the top executives at ALLSTATE CORP as reported in their proxy statements. The chart on this page features a breakdown of the total annual pay for Mario Rizzo, Executive Vice President and Chief Financial Officer at ALLSTATE CORP as reported in their proxy statements. Loop Capital Markets client, Allstate, was an underwriter of the event and invited Sidney Dillard to be interviewed by Mario Rizzo, Allstate Chief Financial Officer to discuss Allstate's ground breaking $1.2 billion November 2020 bond transaction where the company utilized an all diverse-owned investment banking syndicate. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. Insiders at Allstate own 1.8% of the company. You have entered an invalid ZIP. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Enter your email address below to get our daily insider buying and selling report. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Learn More about Mario Rizzo's net worth. Rizzo serves as a member of the Finance Committee and the Governing Board of UCAN Chicago, an organization focused on empowering youth to develop into our future leaders. VP & CFO at Allstate Corp. As the Exec. He is on the board of directors of St. Laurence High School in Burbank, Illinois. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. This represents a 50% increase from the . A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Its the most important work we do and its who we are as a company. We are a large buyer of catastrophe reinsurance, with a per-occurrence cover that starts at $500 million and exhausts at approximately $5.8 billion, as well as $1 billion in annual aggregate coverage. "Allstate brand implemented auto rate increases totaled $240. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension Salaries posted anonymously by Allstate employees. Oops! We used a syndicate made up of only minority-, women- and veteran-owned financial firms to execute a $1.2 billion bond offering the largest corporate debt offering ever led by only diverse firms. Weve made great progress on our cost structure over the past several years, and our finance team has partnered with our business areas to identify and act on cost reduction opportunities. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. It's taking a bit longer than expected. Mario Rizzo Age : 55 Public asset : 7,246,735 USD Country of residence : Unknown Biography of Mario Rizzo Mario Rizzo occupies the position of Chief Financial Officer & Executive Vice President for The Allstate Corp. and Chief Financial Officer & Executive Vice President of Allstate Insurance Co. (a subsidiary of The Allstate Corp.). Learn More on Mario Rizzo's trading history. senior financial executives in the United States and Canada. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. He has served as Senior Vice President and Chief Financial Officer, Allstate Personal Lines of AIC (February 2015 to January 2018); Senior Vice President and Treasurer of The Allstate Corporation (November 2010 to January 2015) and of AIC (November 2010 to February 2015). Rizzo has a bachelor's degree in economics from the University of Michigan and a Master of Business Administration in finance and accounting from the University of Chicago. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. He is also a certified public accountant. Risk avoidance is the name of the game in insurance. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. The insurer also promoted Shebik as vice chairman. The update comes about two weeks after Allstate reported a loss of $310 million in the fourth quarter, mostly related to unprofitability in the auto insurance segment where Allstate recorded an. Mario Rizzo is the Exec. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. For other finance leaders out there, I just want to say: think big. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. What is the salary of Mario Rizzo? Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. Mario Rizzo President, Property-Liability Steve Sorenson Executive Vice President, Corporate Business Transformation Bob Toohey Executive Vice President, Chief Human Resources Officer Terrance Williams Executive Vice President and President, Protection Products and Services Meet our board Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. The most recent stock trade was executed by Jesse E Merten on 22 February 2023, trading 38,659 units of ALL stock currently worth $3,577,504. As the Chief Financial Officer and Executive Vice President of Allstate Corp, the total compensation of Mario Rizzo at Allstate Corp is $4,426,140. Learn More on Allstate's active insiders. The largest trade he's ever made was exercising 25,648 units of Allstate Corp stock on 4 February 2022 worth over $1,811,262. It's taking a bit longer than expected. It was reported that Property-Liability earned premium of $10.9bn increased 8.6% in the second quarter of 2022 compared to the prior year quarter, which was driven primarily by higher average premiums and policies in force growth. Executive Vice President and Chief Financial Officer The Allstate Corporation Jan 2018 - Present5 years 2 months Northbrook, Illinois Senior Vice President and CFO, Allstate Personal Lines. Your update should be done soon. Jess Merten will assume the Chief. He is also on the board of Allstate Life Insurance Co., Uhlich Children's Advantage Network, National General Holdings Corp. and Allstate Global Holdings Ltd. All Rights Reserved. Mario Rizzo Glenn T. Shapiro Thomas J. Wilson BASE PAY $1,378,943 BONUS + INCENTIVE COMP $6,286,039 TOTAL CASH COMPENSATION $7,664,982 STOCK AWARD VALUE $6,335,804 OPTION AWARD VALUE $4,304,994 TOTAL EQUITY $10,640,798 TOTAL OTHER $63,211 TOTAL COMPENSATION $18,368,991 CEO Pay Ratio 2023 Financial Executives International (FEI) Chicago. Our finance team is accountable for contributing to Allstates success by living into our goals, but we also have unique opportunities to further drive DE&I success. How do I contact Mario Rizzo? Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Allstate's insider roster includes John Dugenske (Insider), Suren Gupta (EVP), Harriet Harty (EVP), Susan Lees (EVP), Jesse Merten (Insider), Samuel Pilch (VP), John Pintozzi (CAO), Mark Prindiville (EVP), Mario Rizzo (CFO), Steven Shebik (Vice Chairman), Judith Sprieser (Director), Thomas Wilson (CEO), and Matthew Winter (President). The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. You may also find the annual proxy statement by going directly to the company's website. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. Learn More on Mario Rizzo's salary. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Mario Rizzo is Executive Vice President and Chief Financial Officer of The Allstate Corporation and Allstate Insurance Company, as well as a member of Allstates Operating Committee. They sold a total of 176,962 shares worth more than $23,587,115.41. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Mr. Rizzo owns over 25,648 units of Allstate Corp stock worth over $7,992,109 and over the last 5 years he sold ALL stock worth over $0. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. There are 21 older and 8 younger executives at Allstate Corp. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. All Rights Reserved. Learn More on Mario Rizzo's trading history. Please try again. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Phone Email. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? We take a comprehensive approach to managing our property business, with the dual goals of protecting our customers and earning an adequate return on the risks we take. During the last year, insiders at the insurance provider sold shares 3 times. Coronavirus Tips Working and Protection. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Another thing differentiating Allstate is the breadth of our products. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Weve also advocated for the creation of more hurricane-resistant building codes, and the creation of state risk-sharing facilities such as the FHCF and the CEA. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. Allstate has 54,300 employees. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Allstate has disclosed that its president of property-liability, Glenn Shapiro, is retiring, effective September 30, with CFO Mario Rizzo taking his place, effective September 1. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. Learn More on Mario Rizzo's contact information. As the Chief Financial Officer and Executive Vice President of Allstate Corp, the total compensation of Mario Rizzo at Allstate Corp is $4,426,140. Thomson: Extreme heat, natural disasters and biodiversity losses have an outsized effect on the insurance industry, especially among property and casualty (P&C) insurers where losses from individual events like Hurricane Harvey now represent billions of dollars in loss. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). The Allstate Corporation This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. The Cor. It had never been done before, so we didnt know if it could be done. We can help parents teach their kids to be safer drivers with our Drivewise telematics offering and, as people have been driving less since the beginning of the pandemic, our pay-per-mile Milewise product has grown dramatically, meeting the evolving driving needs of consumers and encouraging a low-carbon economy.
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