Mario Rizzo has not been actively trading shares of Allstate during the past quarter. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. Phone Email. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. What is the salary of Mario Rizzo? 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. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. Executive Vice President and Chief Financial Officer. 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. 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. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Allstate Insurance Company. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Salaries posted anonymously by Allstate employees. Mario Rizzo is the Exec. Learn More on Allstate's active insiders. Please. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Last updated: 21 February 2023 at 5:57pm EST. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. Mr Rizzo is 54, he's been the Exec. Allstate has 54,300 employees. Your update should be done soon. 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 In November 2020 Allstate made DE&I history when it priced $1.2 billion of 5-year and 10-year senior notes through a syndicate exclusively comprised of minority-, women- and veteran-owned business enterprises (MWVBEs). Learn More about insider trades at Allstate. 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. 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. Learn More about Mario Rizzo's net worth. 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. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Please try again. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension It's taking a bit longer than expected. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . 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 proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Another thing differentiating Allstate is the breadth of our products. 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. Financial Executives International (FEI) is the premier association for CFOs and other. 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. 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. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. 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. 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. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Location data not available. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. document.write(new Date().getFullYear()); Allstate Insurance Company. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. He is also a certified public accountant. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. 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. Opinions expressed by Forbes Contributors are their own. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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. He is on the board of directors of St. Laurence High School in Burbank, Illinois. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Risk avoidance is the name of the game in insurance. Coronavirus Tips Working and Protection. This article has been edited and condensed. What is the salary of Mario Rizzo? 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 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. 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Learn More on Mario Rizzo's salary. 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. This report is not for commercial use. Location data not available. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. . Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. VP & CFO of Allstate Corp since . 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. 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). There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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? All Rights Reserved. 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 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. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? But the good news is, if China invades Taiwan, there is a way to protect yourself. Allstate. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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. CEO Pay Ratio For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. 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. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. There are 21 older and 8 younger executives at Allstate Corp. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. 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. 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. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. 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 Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. 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 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. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. The insurer also promoted Shebik as vice chairman. VP & CFO at Allstate Corp. As the Exec. The Allstate Corporation Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. 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. They sold a total of 176,962 shares worth more than $23,587,115.41. 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. 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. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. Its the most important work we do and its who we are as a company. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. He will become President, Property-Liability, on Sept. 1. document.write(new Date().getFullYear()); Allstate Insurance Company. 2023 Financial Executives International (FEI) Chicago. 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. 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. Get notified the next time Mario Rizzo buys or sells Allstate stock. But our solution set is much broader than just reinsurance. Oops! In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. 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). Allstate's CFO says staying ahead of the curve is. It had never been done before, so we didnt know if it could be done. He has held key leadership positions at the company since 1995, including all major operating units. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Log in, Subscribers need to be logged in to see rest of this article. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Please enter zip code. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. 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.). Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. He joined the company in 1989. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Last updated: 1 March 2023 at 11:00am EST. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. 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 been instrumental in ensuring Allstate's strong capital management and financial flexibility. Jess Merten will assume the Chief Financial Officer role, leveraging his broad Please try again. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? You have entered an invalid ZIP. We are in the business of taking risk and generating adequate returns on those risks, and we have been managing the impacts of climate change in our homeowners business for many years. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. 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. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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. 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. Owner. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Chicago CFO of the Year is a registered trademark of FEI Chicago. 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. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. 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. Learn More on Mario Rizzo's trading history. 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. On average, Mario trades about 3,291 units every 90 days since 2018. During the last year, insiders at the insurance provider sold shares 3 times. 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. What else does Allstates finance leadership do to promote DE&I? The information shown here is a reporting of information included in the company's proxy statement. 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. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Allstate Corp executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. We can help parents teach their kids to be safer drivers with our Drivewise telematics offering and, as people have been driving less since the beginning of the pandemic, our pay-per-mile Milewise product has grown dramatically, meeting the evolving driving needs of consumers and encouraging a low-carbon economy. And the thing that stands out most to me is that the execution felt just like any other deal that Ive been part of, and it was a resounding success. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. But we went on to discuss Allstates proactive approach to certain climate change risks, as well as the firms recent efforts around diversity, equity and inclusion (DE&I). This information is according to proxy statements filed for the 2021 fiscal year. Enter your email address below to get our daily insider buying and selling report. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. 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. All proxy statements are public filings made available to the general public by the SEC. You may also find the annual proxy statement by going directly to the company's website. Oops! View Mario Rizzo's colleagues in Allstate Employee Directory. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. All proxy statements are public filings made available to the general public by the SEC. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Please enter zip code. We have a powerful team that guides us to be bold, innovative and collaborative. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance.
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