Mario Rizzo has not been actively trading shares of Allstate during the past quarter. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. 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. Location data not available. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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 This represents a 50% increase from the . Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. 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. We have a powerful team that guides us to be bold, innovative and collaborative. What else does Allstates finance leadership do to promote DE&I? The impacts of catastrophes and climate change are core to financial planning and risk and return management processes because [theyre] foundational to our sustained success. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Opinions expressed by Forbes Contributors are their own. They sold a total of 176,962 shares worth more than $23,587,115.41. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. He is also a Certified Public Accountant. 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. How do I contact Mario Rizzo? Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Mr Rizzo is 54, he's been the Exec. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Learn More on Allstate's active insiders. There are 24 older and 6 younger executives at Allstate Corp. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. Learn More about Mario Rizzo's net worth. Salaries posted anonymously by Allstate employees. (312) 263-1661 |info@feichicago.org|www.feichicago.org. What is your take on integrating sustainability into financial planning? Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. View Mario Rizzo's colleagues in Allstate Employee Directory. Rizzo has held numerous senior roles at Allstate during his 33 years with the company, most recently as executive vice president and chief financial officer of The Allstate Corporation and Allstate Insurance Company. 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. Allstate Corp executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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. Mario Rizzo - FEI Chicago Chapter Financial Executives International (FEI) is the premier association for CFO's and other senior financial executives in the United States and Canada. Insiders at Allstate own 1.8% of the company. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. Allstate has 54,300 employees. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. . During the last year, insiders at the insurance provider sold shares 3 times. You may also find the annual proxy statement by going directly to the company's website. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? 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. 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. 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). 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 future leaders. Your update should be done soon. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Location data not available. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. VP & CFO at Allstate Corp. As the Exec. Last updated: 1 March 2023 at 11:00am EST. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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.). 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. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. Chart Data in Insider Trading History Table. Financial Executives International (FEI) is the premier association for CFOs and other. President, Property-Liability Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension The insurer also promoted Shebik as vice chairman. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. 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. The largest trade he's ever made was exercising 25,648 units of Allstate Corp stock on 4 February 2022 worth over $1,811,262. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . Learn More on Mario Rizzo's salary. 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. 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. We have modified underwriting, redesigned our homeowners product to better match price with risk and created an internal brokerage to provide customers alternatives for coverage. It's taking a bit longer than expected. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Learn More on Mario Rizzo's trading history. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. The information shown here is a reporting of information included in the company's proxy statement. 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. 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. . Last updated: 21 February 2023 at 5:57pm EST. This report is not for commercial use. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. You may also find the annual proxy statement by going directly to the company's website. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. He joined the company in 1989. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. On average, Mario trades about 3,291 units every 90 days since 2018. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Shapiro joined Allstate as chief claims officer in 2016 . He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Learn More on Allstate's active insiders. 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. 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. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Owner. Lisa Wicka. The Allstate Corporation protects people from life's uncertainties with a wide array of protection for autos, homes, electronic devices and identity theft with more than 172 million policies in force. 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. 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. Executive Vice President and Chief Financial Officer. 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 Risk avoidance is the name of the game in insurance. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. 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. Jess Merten will assume the Chief. Allstate. 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). For other finance leaders out there, I just want to say: think big. 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. 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. Coronavirus Tips Working and Protection. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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. 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. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. We can help protect your phone, your appliances and electronics, and your identity. document.write(new Date().getFullYear()); Allstate Insurance Company. Oops! 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.). 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. ( bit.ly/2qpn7uh ) Please try again. Please. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. 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. Phone Email. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. senior financial executives in the United States and Canada. 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). Your update should be done soon. 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. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. 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What is the salary of Mario Rizzo? 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. Mario Rizzo is the Exec. How has Allstates business model adapted to climate change, where there is no longer a question of if catastrophes will happen, just when? Is Allstate taking a more active role in helping clients implement more sustainable business practices? What is the salary of Mario Rizzo? ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. 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. The most recent insider tranaction occured on February, 22nd when CFO Jesse E Merten sold 29,451 shares worth more than $3,951,735.18. Please enter zip code. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Please enter zip code. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. Log in, Subscribers need to be logged in to see rest of this article. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Another thing differentiating Allstate is the breadth of our products. Together we're building the future of protection. 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 Oops! In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. There was some risk in trying something new and different but we started reaching out to other companies for their thoughts, including our partner banks, and without exception the answer was: do it. Chicago CFO of the Year is a registered trademark of FEI Chicago. NORTHBROOK, Ill., Feb. 22, 2021 - The Allstate Corporation (NYSE: ALL) board of directors has approved a quarterly dividend of $0.81 cents on each outstanding share of the corporation's common stock, payable in cash on April 1, 2021, to stockholders of record at the close of business on March 4, 2021. It's taking a bit longer than expected. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Learn More about insider trades at Allstate. He is on the board of directors of St. Laurence High School in Burbank, Illinois. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. We owe it to our customers to offer them industry-leading products at affordable prices. Together we can continue to drive systemic change. 2023 Financial Executives International (FEI) Chicago. All Rights Reserved. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. The information shown here is a reporting of information included in the company's proxy statement. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Board of Directors in ALLSTATE CORP But our solution set is much broader than just reinsurance. Its a complicated issue that requires a comprehensive approach for success. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Learn More on Mario Rizzo's trading history. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. He is also a certified public accountant. 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. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Allstate CFO Mario Rizzo. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. "Mario Rizzo, president of Allstate Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. the fourth largest private passenger auto insurer in the U.S. click here for information on our satisfaction guaranteed subscription options, Collision Repair Industry Production Sets New Record in December, AAA Reports Fear of Self-Driving Cars on the Rise, RDA Executive Director Robert McKenzie Passes Away, CCC Reports Revenue of $782 Million in 2022, Pennsylvania Insurance Department Fines First Acceptance Insurance Company for Misleading Consumers, Chief Automotive Donates $75,000 Worth of Tools and Subscriptions to Collision Repair Schools Through CREF, Take the Collision Repair Business Conditions Survey.
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