ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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 Executive Vice President and Chief Financial Officer, The Allstate Corporation Northbrook, IL The Allstate Corporation, +1 more Mario Rizzo Back-end developer Greater Naples. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Mr Rizzo is 54, he's been the Exec. 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. 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. "Allstate brand implemented auto rate increases totaled $240. You may also find the annual proxy statement by going directly to the company's website. 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. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to 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. Opinions expressed by Forbes Contributors are their own. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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. 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. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. Allstate. We can help protect your phone, your appliances and electronics, and your identity. 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. 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? There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Allstate CFO Mario Rizzo. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. All proxy statements are public filings made available to the general public by the SEC. 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 includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. "Mario Rizzo, president of Allstate 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. What else does Allstates finance leadership do to promote DE&I? All Rights Reserved. Learn More on Mario Rizzo's trading history. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. 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. Learn More on Allstate's active insiders. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. All Rights Reserved. Mario Rizzo is the Exec. Salaries posted anonymously by Allstate employees. VP & CFO of Allstate Corp since . Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. The information shown here is a reporting of information included in the company's proxy statement. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. This report is not for commercial use. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Board of Directors in ALLSTATE CORP There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Log in, Subscribers need to be logged in to see rest of this article. Oops! . President, Property-Liability But the good news is, if China invades Taiwan, there is a way to protect yourself. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. Another thing differentiating Allstate is the breadth of our products. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. You have entered an invalid ZIP. Lisa Wicka. How do I contact Mario Rizzo? Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. ( bit.ly/2qpn7uh ) The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. It had never been done before, so we didnt know if it could be done. Chicago CFO of the Year is a registered trademark of FEI Chicago. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. Risk avoidance is the name of the game in insurance. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. 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 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. 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). He joined the company in 1989. During the last year, insiders at the insurance provider sold shares 3 times. Insiders at Allstate own 1.8% of the company. The Allstate Corporation Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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Thorough reviews have been conducted to assure this data accurately reflects disclosures. Mario Rizzo is the Exec. Financial Executives International (FEI) is the premier association for CFOs and other. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. document.write(new Date().getFullYear()); Allstate Insurance Company. senior financial executives in the United States and Canada. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. 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. 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. Learn More about Mario Rizzo's net worth. What is the salary of Mario Rizzo? He has held key leadership positions at the company since 1995, including all major operating units. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. document.write(new Date().getFullYear()); Allstate Insurance Company. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. 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. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. Location data not available. View Mario Rizzo's colleagues in Allstate Employee Directory. Its a complicated issue that requires a comprehensive approach for success. Location data not available. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. There are 24 older and 6 younger executives at Allstate Corp. Its the most important work we do and its who we are as a company. Learn More about Mario Rizzo's net worth. Owner. Please enter zip code. 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. 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.). As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 2023 Financial Executives International (FEI) Chicago. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Allstate Insurance Company. (312) 263-1661 |info@feichicago.org|www.feichicago.org. Last updated: 21 February 2023 at 5:57pm EST. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. 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. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. He is on the board of directors of St. Laurence High School in Burbank, Illinois. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Learn More on Mario Rizzo's trading history. Learn More on Mario Rizzo's salary. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. As the Chief Financial Officer and Executive Vice President of Allstate Corp, the total compensation of Mario Rizzo at Allstate Corp is $4,426,140. He is also a certified public accountant. The Allstate Corporation protects people from life's uncertainties with a wide array of protection for autos, homes, electronic devices and identity theft with more than 172 million policies in force. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Phone Email. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. 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 There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Please. 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 Learn More about insider trades at Allstate. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. 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. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. On average, Mario trades about 3,291 units every 90 days since 2018. There are 21 older and 8 younger executives at Allstate Corp. 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 . ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Allstate's CFO says staying ahead of the curve is. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. 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. VP & CFO at Allstate Corp. As the Exec. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. 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 Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. Learn More on Allstate's active insiders. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Chart Data in Insider Trading History Table. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. Coronavirus Tips Working and Protection. 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. What is your take on integrating sustainability into financial planning? We owe it to our customers to offer them industry-leading products at affordable prices. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? 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 estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. This article has been edited and condensed. This information is according to proxy statements filed for the 2021 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. BREAKING: Tiny biotech successfully treats blindness. 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. 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. We offer a lot beyond typical auto and home insurance. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. It's taking a bit longer than expected. 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. Do it. Together we can continue to drive systemic change. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Executive Vice President and Chief Financial Officer. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. We have a powerful team that guides us to be bold, innovative and collaborative. 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. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. What is the salary of Mario Rizzo? 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. The information shown here is a reporting of information included in the company's proxy statement. Jess Merten will assume the Chief. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. Please try again. 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. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. You have entered an invalid ZIP. Learn More on Mario Rizzo's contact information. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. 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.
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