Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. As the Exec. All proxy statements are public filings made available to the general public by the SEC. 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. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. There are 9 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. But the good news is, if China invades Taiwan, there is a way to protect yourself. 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. Oops! 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. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . 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. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension 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. 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. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. Lisa Wicka. The information shown here is a reporting of information included in the company's proxy statement. Please try again. Financial Executives International (FEI) is the premier association for CFOs and other. It had never been done before, so we didnt know if it could be done. document.write(new Date().getFullYear()); Allstate Insurance Company. What is Mario Rizzo's salary? Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. Learn More on Allstate's active insiders. How do I contact Mario 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. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. 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). The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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. They sold a total of 176,962 shares worth more than $23,587,115.41. Together we can continue to drive systemic change. We owe it to our customers to offer them industry-leading products at affordable prices. 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. President, Property-Liability 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). 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. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. 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. 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. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Learn More about insider trades at Allstate. He is on the board of directors of St. Laurence High School in Burbank, Illinois. 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. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. the 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. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? 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 He has served as Senior Vice President and Chief Financial Officer, Allstate Personal Lines of AIC (February 2015 to January 2018); Senior Vice President and Treasurer of The Allstate Corporation (November 2010 to January 2015) and of AIC (November 2010 to February 2015). Rizzo has 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. This report is not for commercial use. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. Please enter zip code. 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 Its a complicated issue that requires a comprehensive approach for success. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. Risk avoidance is the name of the game in insurance. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. 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.). Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. 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. 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. NORTHBROOK, Ill., Feb. 22, 2021 - The Allstate Corporation (NYSE: ALL) board of directors has approved a quarterly dividend of $0.81 cents on each outstanding share of the corporation's common stock, payable in cash on April 1, 2021, to stockholders of record at the close of business on March 4, 2021. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). There are 21 older and 8 younger executives at Allstate Corp. Location data not available. Nathan Ellsworth. The Allstate Corporation protects people from life's uncertainties with a wide array of protection for autos, homes, electronic devices and identity theft with more than 172 million policies in force. Its a broad set of actions, covering everything from pay practices and representation goals, to supplier diversity and adding a new racial equity pillar to the corporate foundation. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . The 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. Coronavirus Tips Working and Protection. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. This represents a 50% increase from the . 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. VP & CFO at Allstate Corp. As the Exec. Do it. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? Please enter zip code. Learn More on Mario Rizzo's trading history. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. This report is not for commercial use. 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. 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. Log in, Subscribers need to be logged in to see rest of this article. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. 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. All Rights Reserved. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. 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 It's taking a bit longer than expected. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Allstate. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. 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. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Salaries posted anonymously by Allstate employees. Learn More on Allstate's active insiders. Jess Merten will assume the Chief Financial Officer role, leveraging his broad Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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). 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. On average, Mario trades about 3,291 units every 90 days since 2018. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. 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 . This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. You have entered an invalid ZIP. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. Allstate Insurance Company. For other finance leaders out there, I just want to say: think big. 2023 Financial Executives International (FEI) Chicago. Your update should be done soon. ( bit.ly/2qpn7uh ) Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. The insurer also promoted Shebik as vice chairman. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. 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. It's taking a bit longer than expected. Learn More on Mario Rizzo's salary. Learn More about Mario Rizzo's net worth. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. The Cor. 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"Allstate brand implemented auto rate increases totaled $240. Last updated: 1 March 2023 at 11:00am EST. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 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. What is the salary of Mario Rizzo? The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. We have a powerful team that guides us to be bold, innovative and collaborative. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Opinions expressed by Forbes Contributors are their own. 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. Learn More on Mario Rizzo's trading history. Please try again. Chart Data in Insider Trading History Table. We can help protect your phone, your appliances and electronics, and your identity. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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? Information on this page was last updated on 2/22/2023. 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 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.). What is the salary of Mario Rizzo? 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. Mr Rizzo is 54, he's been the Exec. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. 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. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. document.write(new Date().getFullYear()); Allstate Insurance Company. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Thorough reviews have been conducted to assure this data accurately reflects disclosures. There are 24 older and 6 younger executives at Allstate Corp. The information shown here is a reporting of information included in the company's proxy statement. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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 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. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Board of Directors in ALLSTATE CORP Owner. Mario Rizzo is the Exec. Your update should be done soon. BREAKING: Tiny biotech successfully treats blindness. "Mario Rizzo, president of Allstate In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. You may also find the annual proxy statement by going directly to the company's website. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. Mario Rizzo is the Exec. Jess Merten will assume the Chief. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. All Rights Reserved. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. Get notified the next time Mario Rizzo buys or sells Allstate stock.