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Learn More on Mario Rizzo's contact information. 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. 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. 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. Chicago CFO of the Year is a registered trademark of FEI Chicago. 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. 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. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. Please try again. 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. 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. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. This article has been edited and condensed. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. 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. What is Mario Rizzo's salary? Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. 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. Allstate Insurance Company. 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 Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. Oops! VP & CFO of Allstate Corp since . ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. Location data not available. 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. Learn More on Allstate's active insiders. 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 This report is not for commercial use. Learn More about insider trades at Allstate. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. 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. 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. Learn More on Mario Rizzo's trading history. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. 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. Enter your email address below to get our daily insider buying and selling report. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. He has held key leadership positions at the company since 1995, including all major operating units. Financial Executives International (FEI) is the premier association for CFOs and other. What else does Allstates finance leadership do to promote DE&I? 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. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. (312) 263-1661 |info@feichicago.org|www.feichicago.org. 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. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Please enter zip code. Oops! There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. . There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. 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 estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. He is also a Certified Public Accountant. 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. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. View Mario Rizzo's colleagues in Allstate Employee Directory. Learn More on Mario Rizzo's trading history. 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 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. 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.). 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. VP & CFO at Allstate Corp. As the Exec. Executive Vice President and Chief Financial Officer. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. 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. 2023 Financial Executives International (FEI) Chicago. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Jess Merten will assume the Chief. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Its a complicated issue that requires a comprehensive approach for success. Please. Do it. It's taking a bit longer than expected. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Mr Rizzo is 54, he's been the Exec. 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. 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 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. Please enter zip code. 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. Learn More on Mario Rizzo's salary. This represents a 50% increase from the . There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. As the Exec. He will become President, Property-Liability, on Sept. 1. Your update should be done soon. senior financial executives in the United States and Canada. Opinions expressed by Forbes Contributors are their own. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. 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. All proxy statements are public filings made available to the general public by the SEC. It's taking a bit longer than expected. 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 shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. 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. How do I contact Mario Rizzo? In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. We offer a lot beyond typical auto and home insurance. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. During the last year, insiders at the insurance provider sold shares 3 times. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. The 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Learn More about Mario Rizzo's net worth. Insiders at Allstate own 1.8% of the company. We owe it to our customers to offer them industry-leading products at affordable prices. Mario Rizzo is the Exec. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. 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. Risk avoidance is the name of the game in insurance. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. 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. For other finance leaders out there, I just want to say: think big. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. 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.). document.write(new Date().getFullYear()); Allstate Insurance Company. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . Last updated: 21 February 2023 at 5:57pm EST. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. 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. 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. 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 Cor. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. 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. He is on the board of directors of St. Laurence High School in Burbank, Illinois. As the Chief Financial Officer and Executive Vice President of Allstate Corp, the total compensation of Mario Rizzo at Allstate Corp is $4,426,140. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. All proxy statements are public filings made available to the general public by the SEC. What is the salary of Mario Rizzo? Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension 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. On average, Mario trades about 3,291 units every 90 days since 2018. Jess Merten will assume the Chief Financial Officer role, leveraging his broad He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. This report is not for commercial use. 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). 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? 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. Shapiro joined Allstate as chief claims officer in 2016 . 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 The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. There are 24 older and 6 younger executives at Allstate Corp. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. 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 Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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. 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. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? You have entered an invalid ZIP. They sold a total of 176,962 shares worth more than $23,587,115.41. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. There are 21 older and 8 younger executives at Allstate Corp. 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. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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 oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. 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. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. 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. 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. These products are marketed under the Allstate, Encompass and Esurance brand names. Get notified the next time Mario Rizzo buys or sells Allstate stock. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Owner. 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). What is your take on integrating sustainability into financial planning? 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. "Mario Rizzo, president of Allstate You may also find the annual proxy statement by going directly to the company's website. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. . However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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 . Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. But the good news is, if China invades Taiwan, there is a way to protect yourself. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. 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. The Allstate Corporation Log in, Subscribers need to be logged in to see rest of this article. 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 estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. Information on this page was last updated on 2/22/2023. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. Salaries posted anonymously by Allstate employees. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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 document.write(new Date().getFullYear()); Allstate Insurance Company. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. The insurer also promoted Shebik as vice chairman. 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). Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. He joined the company in 1989. Phone Email. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. 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