What is the salary of Mario Rizzo? As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. He is also a certified public accountant. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. 2023 Financial Executives International (FEI) Chicago. Risk avoidance is the name of the game in insurance. Jess Merten will assume the Chief Financial Officer role, leveraging his broad Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Lisa Wicka. 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). ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. . Learn More about Mario Rizzo's net worth. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. We offer a lot beyond typical auto and home insurance. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Please try again. Please enter zip code. 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. 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. 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. President, Property-Liability Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. He has held key leadership positions at the company since 1995, including all major operating units. 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). 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. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. 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). Learn More on Mario Rizzo's contact information. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. This information is according to proxy statements filed for the 2021 fiscal year. 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. Please. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. How do I contact Mario Rizzo? 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 We have a powerful team that guides us to be bold, innovative and collaborative. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. 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 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 addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. You have entered an invalid ZIP. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. "Allstate brand implemented auto rate increases totaled $240. NORTHBROOK, Ill., Feb. 22, 2021 - The Allstate Corporation (NYSE: ALL) board of directors has approved a quarterly dividend of $0.81 cents on each outstanding share of the corporation's common stock, payable in cash on April 1, 2021, to stockholders of record at the close of business on March 4, 2021. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. Allstate has 54,300 employees. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. He joined the company in 1989. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. The information shown here is a reporting of information included in the company's proxy statement. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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 Cor. All Rights Reserved. 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). 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. 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 . "Mario Rizzo, president of Allstate It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. 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. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. 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. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. document.write(new Date().getFullYear()); Allstate Insurance Company. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? This article has been edited and condensed. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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. For other finance leaders out there, I just want to say: think big. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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. 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. Its a complicated issue that requires a comprehensive approach for success. BREAKING: Tiny biotech successfully treats blindness. There are 24 older and 6 younger executives at Allstate Corp. 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. ( bit.ly/2qpn7uh ) All proxy statements are public filings made available to the general public by the SEC. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. During the last year, insiders at the insurance provider sold shares 3 times. This report is not for commercial use. 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 impacts of catastrophes and climate change are core to financial planning and risk and return management processes because [theyre] foundational to our sustained success. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. 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 $3,501,510 Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . Allstate Insurance Company. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. (312) 263-1661 |info@feichicago.org|www.feichicago.org. 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. Location data not available. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Together we're building the future of protection. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . Please try again. 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. 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. Board of Directors in ALLSTATE CORP He is also a Certified Public Accountant. As the Exec. We can help protect your phone, your appliances and electronics, and your identity. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Phone Email. But our solution set is much broader than just reinsurance. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Allstate's CFO says staying ahead of the curve is. Allstate CFO Mario Rizzo. 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. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Oops! 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. Learn More on Mario Rizzo's trading history. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Learn More on Mario Rizzo's trading history. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. 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 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. Owner. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. He is on the board of directors of St. Laurence High School in Burbank, Illinois. 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. These products are marketed under the Allstate, Encompass and Esurance brand names. It's taking a bit longer than expected. 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 Allstate Corporation The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. But the good news is, if China invades Taiwan, there is a way to protect yourself. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Your update should be done soon. 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. 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. On average, Mario trades about 3,291 units every 90 days since 2018. 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 Rizzo is the Exec. This represents a 50% increase from the . You may also find the annual proxy statement by going directly to the company's website. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. All Rights Reserved. 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. Get notified the next time Mario Rizzo buys or sells Allstate stock. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. You have entered an invalid ZIP. He will become President, Property-Liability, on Sept. 1. Financial Executives International (FEI) is the premier association for CFOs and other. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. 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. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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 shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. 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. Jess Merten will assume the Chief. What is your take on integrating sustainability into financial planning? Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. 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 has not been actively trading shares of Allstate during the past quarter. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. VP & CFO of Allstate Corp since . This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. Learn More on Allstate's active insiders. 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.