While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. 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Do it. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. Salaries posted anonymously by Allstate employees. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. This report is not for commercial use. 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 shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. 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. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. View Mario Rizzo's colleagues in Allstate Employee Directory. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. 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. Learn More on Mario Rizzo's contact information. The Allstate Corporation He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Enter your email address below to get our daily insider buying and selling report. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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. Chicago CFO of the Year is a registered trademark of FEI Chicago. There are 24 older and 6 younger executives at Allstate Corp. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. 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). Shapiro joined Allstate as chief claims officer in 2016 . It's taking a bit longer than expected. How do I contact Mario Rizzo? The impacts of catastrophes and climate change are core to financial planning and risk and return management processes because [theyre] foundational to our sustained success. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Your update should be done soon. 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 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. Executive Vice President and Chief Financial Officer. We have a powerful team that guides us to be bold, innovative and collaborative. Learn More on Mario Rizzo's trading history. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Allstate. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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 ThomasWilson having the highest compensation of $19,615,700. 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. For other finance leaders out there, I just want to say: think big. 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. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. This information is according to proxy statements filed for the 2021 fiscal year. It had never been done before, so we didnt know if it could be done. 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. 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. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. What is Mario Rizzo's salary? 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. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. 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. Mr Rizzo is 54, he's been the Exec. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Please enter zip code. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. Last updated: 21 February 2023 at 5:57pm EST. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Get notified the next time Mario Rizzo buys or sells Allstate stock. 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. This report is not for commercial use. 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. 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 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. But the good news is, if China invades Taiwan, there is a way to protect yourself. The information shown here is a reporting of information included in the company's proxy statement. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. He is also a Certified Public Accountant. There are 21 older and 8 younger executives at Allstate Corp. 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 For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Board of Directors in ALLSTATE CORP He is on the board of directors of St. Laurence High School in Burbank, Illinois. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. Lisa Wicka. 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. The information shown here is a reporting of information included in the company's proxy statement. All Rights Reserved. Chart Data in Insider Trading History Table. 2023 Financial Executives International (FEI) Chicago. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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. All proxy statements are public filings made available to the general public by the SEC. What is your take on integrating sustainability into financial planning? Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. 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. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson 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. 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. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. Please enter zip code. President, Property-Liability 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 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 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. 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. 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. Log in, Subscribers need to be logged in to see rest of this article. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. 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. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . 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. He has held key leadership positions at the company since 1995, including all major operating units. The Cor. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. He is also a certified public accountant. Financial Executives International (FEI) is the premier association for CFOs and other. Please. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. He joined the company in 1989. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension These products are marketed under the Allstate, Encompass and Esurance brand names. The insurer also promoted Shebik as vice chairman. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . During the last year, insiders at the insurance provider sold shares 3 times. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. document.write(new Date().getFullYear()); Allstate Insurance Company. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. 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 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). 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). BREAKING: Tiny biotech successfully treats blindness. Coronavirus Tips Working and Protection. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. What is the salary of Mario Rizzo? Risk avoidance is the name of the game in insurance. Allstate Insurance Company. We can help protect your phone, your appliances and electronics, and your identity. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. 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. Learn More about Mario Rizzo's net worth. document.write(new Date().getFullYear()); Allstate Insurance Company. 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. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Its the most important work we do and its who we are as a company. Oops! 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. Together we can continue to drive systemic change. 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? When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. Thorough reviews have been conducted to assure this data accurately reflects disclosures. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. 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. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. 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.). This article has been edited and condensed. 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. 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. All proxy statements are public filings made available to the general public by the SEC. Its a complicated issue that requires a comprehensive approach for success. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. 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. . Allstate has 54,300 employees. Insiders at Allstate own 1.8% of the company. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. (312) 263-1661 |info@feichicago.org|www.feichicago.org. Learn More about Mario Rizzo's net worth. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. 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 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. Opinions expressed by Forbes Contributors are their own. 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. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. 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. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. 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. You have entered an invalid ZIP. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. They sold a total of 176,962 shares worth more than $23,587,115.41. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. Mario Rizzo is the Exec. VP & CFO of Allstate Corp since . A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Information on this page was last updated on 2/22/2023. Oops! Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Learn More on Allstate's active insiders. Learn More on Mario Rizzo's trading history. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? What is the salary of Mario Rizzo? What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Another thing differentiating Allstate is the breadth of our products. VP & CFO at Allstate Corp. As the Exec.
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