We offer a lot beyond typical auto and home insurance. What is Mario Rizzo's salary? What is your take on integrating sustainability into financial planning? 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. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. On average, Mario trades about 3,291 units every 90 days since 2018. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. All proxy statements are public filings made available to the general public by the SEC. Allstate's CFO says staying ahead of the curve is. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. 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 is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. He has held key leadership positions at the company since 1995, including all major operating units. It had never been done before, so we didnt know if it could be done. 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. Your update should be done soon. 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 Learn More on Mario Rizzo's trading history. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. VP & CFO of Allstate Corp since . Your update should be done soon. Mr Rizzo is 54, he's been the Exec. 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. 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. What is the salary of Mario Rizzo? ( bit.ly/2qpn7uh ) There are 21 older and 8 younger executives at Allstate Corp. 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. This article has been edited and condensed. View Mario Rizzo's colleagues in Allstate Employee Directory. 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. He is on the board of directors of St. Laurence High School in Burbank, Illinois. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. Owner. 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. Its the most important work we do and its who we are as a company. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Information on this page was last updated on 2/22/2023. Shapiro joined Allstate as chief claims officer in 2016 . 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). Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. Nathan Ellsworth. 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. There are 24 older and 6 younger executives at Allstate Corp. 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). They sold a total of 176,962 shares worth more than $23,587,115.41. 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 insurer also promoted Shebik as vice chairman. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. Learn More about Mario Rizzo's net worth. 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 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. 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. This represents a 50% increase from the . The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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). There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. 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. You may also find the annual proxy statement by going directly to the company's website. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. Last updated: 1 March 2023 at 11:00am EST. Learn More about insider trades at Allstate. Learn More about Mario Rizzo's net worth. 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. 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 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. 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. All Rights Reserved. Chart Data in Insider Trading History Table. The information shown here is a reporting of information included in the company's proxy statement. Jess Merten will assume the Chief. Please enter zip code. Insiders at Allstate own 1.8% of the company. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. What else does Allstates finance leadership do to promote DE&I? We take a comprehensive approach to managing our property business, with the dual goals of protecting our customers and earning an adequate return on the risks we take. 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. President, Property-Liability Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Learn More on Mario Rizzo's trading history. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. 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. 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.). Oops! 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 There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson 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. Another thing differentiating Allstate is the breadth of our products. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. How do I contact Mario Rizzo? This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. He is also a certified public accountant. Opinions expressed by Forbes Contributors are their own. 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 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Jess Merten will assume the Chief Financial Officer role, leveraging his broad 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. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. As the Exec. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension Please. Together we're building the future of protection. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. The Cor. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. He joined the company in 1989. Learn More on Mario Rizzo's contact information. Log in, Subscribers need to be logged in to see rest of this article. Thorough reviews have been conducted to assure this data accurately reflects disclosures. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? 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. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. document.write(new Date().getFullYear()); Allstate Insurance Company. 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). This report is not for commercial use. 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. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. 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. This information is according to proxy statements filed for the 2021 fiscal year. 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. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. All proxy statements are public filings made available to the general public by the SEC. We owe it to our customers to offer them industry-leading products at affordable prices. You have entered an invalid ZIP. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. "Allstate brand implemented auto rate increases totaled $240. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Financial Executives International (FEI) is the premier association for CFOs and other. document.write(new Date().getFullYear()); Allstate Insurance Company. Do it. These products are marketed under the Allstate, Encompass and Esurance brand names. We have a powerful team that guides us to be bold, innovative and collaborative. But our solution set is much broader than just reinsurance. Please try again. Location data not available. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. Allstate Insurance Company. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. For other finance leaders out there, I just want to say: think big. senior financial executives in the United States and Canada. You may also find the annual proxy statement by going directly to the company's website. 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. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. The Allstate Corporation Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. 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. Please try again. 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. 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. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. The information shown here is a reporting of information included in the company's proxy statement. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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 2023 Financial Executives International (FEI) Chicago. 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. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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: Its true that price is a significant differentiator and a key to driving customer satisfaction. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. Risk avoidance is the name of the game in insurance. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. It's taking a bit longer than expected. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. 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 . (312) 263-1661 |firstname.lastname@example.org|www.feichicago.org. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? 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. Its a complicated issue that requires a comprehensive approach for success. It's taking a bit longer than expected. 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. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? During the last year, insiders at the insurance provider sold shares 3 times. Coronavirus Tips Working and Protection. 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). Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. 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The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. The Allstate Corporation protects people from life's uncertainties with a wide array of protection for autos, homes, electronic devices and identity theft with more than 172 million policies in force. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th.