They sold a total of 176,962 shares worth more than $23,587,115.41. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. All Rights Reserved. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. But our solution set is much broader than just reinsurance. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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). Its a complicated issue that requires a comprehensive approach for success. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. There are 21 older and 8 younger executives at Allstate Corp. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. 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. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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.). 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. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. You have entered an invalid ZIP. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. The Allstate Corporation 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. 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. This report is not for commercial use. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. . Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. You may also find the annual proxy statement by going directly to the company's website. What is the salary of Mario Rizzo? The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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. Coronavirus Tips Working and Protection. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Mr. Rizzo owns over 25,648 units of Allstate Corp stock worth over $7,617,859 and over the last 4 years he sold ALL stock worth over $0. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. We offer a lot beyond typical auto and home insurance. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. 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. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. 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. Mario Rizzo Executive Vice President and Chief Financial Officer, The Allstate Corporation Northbrook, IL The Allstate Corporation, +1 more Mario Rizzo Back-end developer Greater Naples. 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. 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. 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. 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. Mario Rizzo is the Exec. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. 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. 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. 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. document.write(new Date().getFullYear()); Allstate Insurance Company. "Mario Rizzo, president of Allstate 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. Oops! There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Learn More on Allstate's active insiders. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Please. This report is not for commercial use. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. ( bit.ly/2qpn7uh ) He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. He will become President, Property-Liability, on Sept. 1. Learn More on Mario Rizzo's contact information. Learn More on Mario Rizzo's trading history. These products are marketed under the Allstate, Encompass and Esurance brand names. 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. 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. 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. 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 shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Board of Directors in ALLSTATE CORP Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Do it. 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. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. senior financial executives in the United States and Canada. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. What is your take on integrating sustainability into financial planning? Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. Allstate's CFO says staying ahead of the curve is. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. The information shown here is a reporting of information included in the company's proxy statement. Risk avoidance is the name of the game in insurance. 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. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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. But the good news is, if China invades Taiwan, there is a way to protect yourself. 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. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. He is also a certified public accountant. 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. This article has been edited and condensed. 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. 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. 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 Chair, President and Chief Executive Officer, Executive Vice President, Chief Marketing, Customer and Communications Officer, Executive Vice President and Chief Claims Officer, Executive Vice President, Chief Legal Officer, General Counsel and Corporate Secretary, Executive Vice President and General Manager, Allstate Property-Liability Sales and Distribution, Executive Vice President, Product, Property-Liability, Executive Vice President and Chief Financial Officer, Executive Vice President and Chief Operating Officer, Property-Liability, Executive Vice President and Chief Risk Officer, Executive Vice President and President, National General, an Allstate company, Executive Vice President, Corporate Business Transformation, Executive Vice President, Chief Human Resources Officer, Executive Vice President and President, Protection Products and Services. View Mario Rizzo's colleagues in Allstate Employee Directory. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. Executive Vice President and Chief Financial Officer. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. As the Chief Financial Officer and Executive Vice President of The Allstate, the total compensation of Mario Rizzo at The Allstate is $4,426,140. He is on the board of directors of St. Laurence High School in Burbank, Illinois. Please try again. All proxy statements are public filings made available to the general public by the SEC. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. . We can help protect your phone, your appliances and electronics, and your identity. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? All Rights Reserved. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Nathan Ellsworth. Opinions expressed by Forbes Contributors are their own. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. Your update should be done soon. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. 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. 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. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. Last updated: 21 February 2023 at 5:57pm EST. Location data not available. Learn More about Mario Rizzo's net worth. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. Allstate Insurance Company. 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. It's taking a bit longer than expected. Chart Data in Insider Trading History Table. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Mr Rizzo is 54, he's been the Exec. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension President, Property-Liability Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Its the most important work we do and its who we are as a company. Mario Rizzo is the Exec. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. 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. The Cor. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. Allstate. Last updated: 1 March 2023 at 11:00am EST. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Log in, Subscribers need to be logged in to see rest of this article. VP & CFO at Allstate Corp. As the Exec. 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 During the last year, insiders at the insurance provider sold shares 3 times. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives 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. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. He has held key leadership positions at the company since 1995, including all major operating units. Allstate has 54,300 employees. Learn More about insider trades at Allstate. Please try again. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. You have entered an invalid ZIP. 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. Financial Executives International (FEI) is the premier association for CFOs and other. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. 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? While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Jess Merten will assume the Chief. 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 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 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. 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). But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Please enter zip code. 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. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . We have a powerful team that guides us to be bold, innovative and collaborative. 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 This represents a 50% increase from the . Information on this page was last updated on 2/22/2023. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Learn More on Mario Rizzo's salary. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? 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. Learn More on Allstate's active insiders. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. The insurer also promoted Shebik as vice chairman. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? 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.

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