Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. What else does Allstates finance leadership do to promote DE&I? There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. They sold a total of 176,962 shares worth more than $23,587,115.41. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. 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. 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. The information shown here is a reporting of information included in the company's proxy statement. We can help protect your phone, your appliances and electronics, and your identity. 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. Location data not available. Please try again. 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 . 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 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 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 shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. This report is not for commercial use. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. Allstate shakes up its leadership - Reinsurance News 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. senior financial executives in the United States and Canada. 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. 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. 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. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. View Mario Rizzo's colleagues in Allstate Employee Directory. Mario Rizzo Email & Phone Number - Allstate | ZoomInfo 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. 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). Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. But our solution set is much broader than just reinsurance. Please enter zip code. 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. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. ALLSTATE CORP Executive Salaries & Other Compensation | Salary.com . 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. 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. Learn More on Allstate's active insiders. 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 Allstate's CFO On Driving Change: 'Think Big And Do It!' - Forbes This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. 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. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Do it. Allstate Insurance Company. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. 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. Mario Rizzo Net Worth (2023) | wallmine CA 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's Leadership Depth Provides Strategic and Operational Continuity Together we're building the future of protection. Learn More about Mario Rizzo's net worth. Please enter zip code. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Mr Rizzo is 54, he's been the Exec. He has held key leadership positions at the company since 1995, including all major operating units. Learn More about insider trades at Allstate. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . document.write(new Date().getFullYear()); Allstate Insurance Company. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. 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. Information on this page was last updated on 2/22/2023. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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.). 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. 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). All proxy statements are public filings made available to the general public by the SEC. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. Owner. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. ( bit.ly/2qpn7uh ) Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. Thorough reviews have been conducted to assure this data accurately reflects disclosures. There are 24 older and 6 younger executives at 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. "Allstate brand implemented auto rate increases totaled $240. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. Board of Directors in ALLSTATE CORP These products are marketed under the Allstate, Encompass and Esurance brand names. MOVES-Insurer Allstate names Mario Rizzo as new CFO | Reuters 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. President, Property-Liability 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 proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Allstate's Leadership Depth Provides Strategic and Operational 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. Its the most important work we do and its who we are as a company. 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. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. There are 21 older and 8 younger executives at Allstate Corp. Learn More on Mario Rizzo's trading history. Glenn T. Shapiro - Salary.com Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension He will become President, Property-Liability, on Sept. 1. As the Exec. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. (312) 263-1661 |info@feichicago.org|www.feichicago.org. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Coronavirus Tips Working and Protection. 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). Mario Rizzo is the Exec. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. 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. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Mario Rizzo Net Worth (2023) | wallmine Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Mario Rizzo - Biography Learn More on Mario Rizzo's contact information. Learn More about Mario Rizzo's net worth. Shapiro joined Allstate as chief claims officer in 2016 . 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. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Mario Rizzo - Executive Vice President and Chief Financial Officer 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. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. 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. Your update should be done soon. 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. Mario Rizzo Net Worth (2022) | wallmine You have entered an invalid ZIP. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 2023 Financial Executives International (FEI) Chicago. 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. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Chart Data in Insider Trading History Table. The information shown here is a reporting of information included in the company's proxy statement. 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. Nathan Ellsworth. This represents a 50% increase from the . Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . Allstate's Leadership Depth Provides Strategic and Operational What is your take on integrating sustainability into financial planning? As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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 What is the salary of Mario Rizzo? 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. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. 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. Insiders at Allstate own 1.8% of the company. You may also find the annual proxy statement by going directly to the company's website. 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 will assume the Chief. Together we can continue to drive systemic change. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Mario Rizzo, Allstate CFO, interviews Sidney Dillard during The - Loop Opinions expressed by Forbes Contributors are their own. 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. Allstate CFO 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. Location data not available. 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. It had never been done before, so we didnt know if it could be done. 100+ "Mario Rizzo" profiles | LinkedIn In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. The insurer also promoted Shebik as vice chairman. Compensation Information for Mario Rizzo, Executive Vice - Salary Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. 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. VP & CFO at Allstate Corp. What is the salary of Mr 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.). Mario Rizzo Net Worth (2022) | wallmine Oops! 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. All proxy statements are public filings made available to the general public by the SEC. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. This report is not for commercial use. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. "Mario Rizzo, president of Allstate Mario Rizzo - FEI Chicago Chapter 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. 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. Last updated: 1 March 2023 at 11:00am EST. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Mario Rizzo is the Exec. Your update should be done soon. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. On average, Mario trades about 3,291 units every 90 days since 2018. Russia's war on Ukraine latest: Putin casts war as battle for nation's survival, India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom, ZIONS BANCORPORATION, NATIONAL ASSOCIATION, Transcript : The Allstate Corporation, Q4 2022 Earnings Call, Feb 02, 2023, Transcript : The Allstate Corporation - Special Call, Allstate Names Jess Merten as Chief Financial Officer, The Allstate Corporation Announces CFO Changes, The Allstate Corporation Announces Executive Changes, Allstate Reports $223 million in July Catastrophe Losses, Raises Rates, Transcript : The Allstate Corporation, Q2 2022 Earnings Call, Aug 04, 2022. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Mario Rizzo Net Worth (2022) | wallmine 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. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. You have entered an invalid ZIP. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Oops! In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Mario Rizzo Named to Succeed Retiring Glenn Shapiro as President of document.write(new Date().getFullYear()); Allstate Insurance Company. We offer a lot beyond typical auto and home insurance. Mario Rizzo | Allstate Corporation Allstate has 54,300 employees. He joined the company in 1989. Molly Wilson on LinkedIn: Allstate's Plan to Return to Profit in Auto Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. It's taking a bit longer than expected. Its a complicated issue that requires a comprehensive approach for success. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. Lisa Wicka. 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). Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. 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. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC.