View Mario Rizzo's colleagues in Allstate Employee Directory. This report is not for commercial use. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. 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. 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. But our solution set is much broader than just reinsurance. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. 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). The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Risk avoidance is the name of the game in insurance. Learn More on Allstate's active insiders. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. What is the salary of Mario Rizzo? As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. 2023 Financial Executives International (FEI) Chicago. Allstate. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. We have a powerful team that guides us to be bold, innovative and collaborative. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Allstate's CFO says staying ahead of the curve is. 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. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. All Rights Reserved. You may also find the annual proxy statement by going directly to the company's website. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. Please. 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. The information shown here is a reporting of information included in the company's proxy statement. Do it. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. He will become President, Property-Liability, on Sept. 1. 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 . This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. Please try again. 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). 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. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. "Mario Rizzo, president of Allstate There are 24 older and 6 younger executives at Allstate Corp. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. 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). Salaries posted anonymously by Allstate employees. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? 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. 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 Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. This report is not for commercial use. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Allstate has 54,300 employees. Learn More on Allstate's active insiders. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. Board of Directors in ALLSTATE CORP Information on this page was last updated on 2/22/2023. 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. 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. Together we're building the future of protection. Learn More about Mario Rizzo's net worth. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Learn More on Mario Rizzo's contact information. 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. 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 can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . 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. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. 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. There are 21 older and 8 younger executives at Allstate Corp. On average, Mario trades about 3,291 units every 90 days since 2018. 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. Oops! Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. What is the salary of Mario Rizzo? 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. 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. 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. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. 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. Owner. 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. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. The insurer also promoted Shebik as vice chairman. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. These products are marketed under the Allstate, Encompass and Esurance brand names. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. Allstate CFO Mario Rizzo. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. This article has been edited and condensed. Jess Merten will assume the Chief Financial Officer role, leveraging his broad 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. Enter your email address below to get our daily insider buying and selling report. VP & CFO of Allstate Corp since . The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. Oops! 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. 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. Location data not available. What else does Allstates finance leadership do to promote DE&I? Your update should be done soon. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Mario Rizzo is the Exec. Learn More on Mario Rizzo's trading history. 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. 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. He joined the company in 1989. 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 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). 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. This information is according to proxy statements filed for the 2021 fiscal year. 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. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. What is Mario Rizzo's salary? During the last year, insiders at the insurance provider sold shares 3 times. BREAKING: Tiny biotech successfully treats blindness. Financial Executives International (FEI) is the premier association for CFOs and other. Another thing differentiating Allstate is the breadth of our products. What is your take on integrating sustainability into financial planning? 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. 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. 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. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. He is on the board of directors of St. Laurence High School in Burbank, Illinois. Mr Rizzo is 54, he's been the Exec. Together we can continue to drive systemic change. Allstate Insurance Company. 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 $3,501,510 ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . 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 information shown here is a reporting of information included in the company's proxy statement. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . Chart Data in Insider Trading History Table. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. 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. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. 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.

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