Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Salaries posted anonymously by Allstate employees. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Mario Rizzo Age : 55 Public asset : 7,246,735 USD Country of residence : Unknown Biography of Mario Rizzo Mario Rizzo occupies the position of Chief Financial Officer & Executive Vice President for The Allstate Corp. and Chief Financial Officer & Executive Vice President of Allstate Insurance Co. (a subsidiary of The Allstate Corp.). In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Learn More about Mario Rizzo's net worth. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. 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. 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. 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 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. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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. We have a powerful team that guides us to be bold, innovative and collaborative. 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. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. 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. Opinions expressed by Forbes Contributors are their own. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. As the Exec. 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 largest trade he's ever made was exercising 25,648 units of Allstate Corp stock on 4 February 2022 worth over $1,811,262. There are 24 older and 6 younger executives at Allstate Corp. 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. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. There are 21 older and 8 younger executives at Allstate Corp. 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. It had never been done before, so we didnt know if it could be done. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Allstate's insider roster includes John Dugenske (Insider), Suren Gupta (EVP), Harriet Harty (EVP), Susan Lees (EVP), Jesse Merten (Insider), Samuel Pilch (VP), John Pintozzi (CAO), Mark Prindiville (EVP), Mario Rizzo (CFO), Steven Shebik (Vice Chairman), Judith Sprieser (Director), Thomas Wilson (CEO), and Matthew Winter (President). All proxy statements are public filings made available to the general public by 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. 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 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 $18,368,991 CEO Pay Ratio For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. Mario Rizzo President, Property-Liability Steve Sorenson Executive Vice President, Corporate Business Transformation Bob Toohey Executive Vice President, Chief Human Resources Officer Terrance Williams Executive Vice President and President, Protection Products and Services Meet our board Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . You may also find the annual proxy statement by going directly to the company's website. Lisa Wicka. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. 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.). Executive Vice President and Chief Financial Officer. 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). 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. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Learn More on Mario Rizzo's trading history. This report is not for commercial use. Please. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. The Allstate Corporation The information shown here is a reporting of information included in the company's proxy statement. "Mario Rizzo, president of Allstate Jess Merten will assume the Chief Financial Officer role, leveraging his broad 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. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. 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. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. What is Mario Rizzo's salary? We can help protect your phone, your appliances and electronics, and your identity. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. The most recent stock trade was executed by Jesse E Merten on 22 February 2023, trading 38,659 units of ALL stock currently worth $3,577,504. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. Risk avoidance is the name of the game in insurance. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. 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. Oops! 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 Chicago CFO of the Year is a registered trademark of FEI Chicago. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. 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. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Phone Email. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. All Rights Reserved. Owner. The Cor. The insurer also promoted Shebik as vice chairman. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. What is your take on integrating sustainability into financial planning? 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 . But the good news is, if China invades Taiwan, there is a way to protect yourself. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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. Location data not available. ( bit.ly/2qpn7uh ) 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. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. They sold a total of 176,962 shares worth more than $23,587,115.41. You have entered an invalid ZIP. It's taking a bit longer than expected. Another thing differentiating Allstate is the breadth of our products. 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. 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. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. This article has been edited and condensed. Location data not available. This represents a 50% increase from the . He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Mr Rizzo is 54, he's been the Exec. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. VP & CFO at Allstate Corp. As the Exec. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. Jess Merten will assume the Chief. 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. All Rights Reserved. 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. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. Allstate. 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 The Allstate, the total compensation of Mario Rizzo at The Allstate is $4,426,140. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Information on this page was last updated on 2/22/2023. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. Learn More on Mario Rizzo's salary. 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 CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Oops! Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. This report is not for commercial use. Board of Directors in ALLSTATE CORP Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. We offer a lot beyond typical auto and home insurance. Mario Rizzo is the Exec. 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. document.write(new Date().getFullYear()); Allstate Insurance Company. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. You may also find the annual proxy statement by going directly to the company's website. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. . Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. Shapiro joined Allstate as chief claims officer in 2016 . 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. Chart Data in Insider Trading History Table. 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. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. Please enter zip code. On average, Mario trades about 3,291 units every 90 days since 2018. 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. Please try again. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. What is the salary of Mario Rizzo? There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. This information is according to proxy statements filed for the 2021 fiscal year. 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. President, Property-Liability On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. 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. Enter your email address below to get our daily insider buying and selling report. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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 The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. Last updated: 1 March 2023 at 11:00am EST. 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 For other finance leaders out there, I just want to say: think big. 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. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Your update should be done soon. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. senior financial executives in the United States and Canada. 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. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. 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. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . 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. 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. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension View Mario Rizzo's colleagues in Allstate Employee Directory. 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. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. All proxy statements are public filings made available to the general public by the SEC. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. 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.

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