mario rizzo allstate salary

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. Another thing differentiating Allstate is the breadth of our products. 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. "Mario Rizzo, president of Allstate Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. 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 of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. 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). Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. As the Chief Financial Officer and Executive Vice President of Allstate Corp, the total compensation of Mario Rizzo at Allstate Corp is $4,426,140. Oops! (312) 263-1661 |info@feichicago.org|www.feichicago.org. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Please try again. These products are marketed under the Allstate, Encompass and Esurance brand names. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. 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 Allstate Corporation There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Its a complicated issue that requires a comprehensive approach for success. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. 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 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. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Learn More about Mario Rizzo's net worth. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. We offer a lot beyond typical auto and home insurance. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Do it. For other finance leaders out there, I just want to say: think big. 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. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. 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. 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). The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Risk avoidance is the name of the game in insurance. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? This information is according to proxy statements filed for the 2021 fiscal year. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Thomson: Extreme heat, natural disasters and biodiversity losses have an outsized effect on the insurance industry, especially among property and casualty (P&C) insurers where losses from individual events like Hurricane Harvey now represent billions of dollars in loss. 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. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. Coronavirus Tips Working and Protection. But our solution set is much broader than just reinsurance. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. How do I contact Mario Rizzo? As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. 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? Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Learn More about insider trades at Allstate. 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. Salaries posted anonymously by Allstate employees. Mario Rizzo is the Exec. 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. 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. Owner. What is your take on integrating sustainability into financial planning? 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. Phone Email. The information shown here is a reporting of information included in the company's proxy statement. All proxy statements are public filings made available to the general public by the SEC. 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. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. President, Property-Liability Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension document.write(new Date().getFullYear()); Allstate Insurance Company. 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. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. BREAKING: Tiny biotech successfully treats blindness. Location data not available. Learn More on Allstate's active insiders. 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. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. This report is not for commercial use. 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. Mr Rizzo is 54, he's been the Exec. Learn More about Mario Rizzo's net worth. 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 insurer also promoted Shebik as vice chairman. Executive Vice President and Chief Financial Officer. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. 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. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. He has held key leadership positions at the company since 1995, including all major operating units. Location data not available. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. The information shown here is a reporting of information included in the company's proxy statement. document.write(new Date().getFullYear()); Allstate Insurance Company. 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. All Rights Reserved. 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. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. What is Mario Rizzo's salary? Mario Rizzo is the Exec. 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. 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. Last updated: 1 March 2023 at 11:00am EST. 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). But the good news is, if China invades Taiwan, there is a way to protect yourself. There are 21 older and 8 younger executives at Allstate Corp. 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). ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. 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. 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. Please enter zip code. 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. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Chart Data in Insider Trading History Table. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. Chicago CFO of the Year is a registered trademark of FEI Chicago. Together we're building the future of protection. 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. What else does Allstates finance leadership do to promote DE&I? Allstate CFO Mario Rizzo. You have entered an invalid ZIP. We have a powerful team that guides us to be bold, innovative and collaborative. Learn More on Mario Rizzo's trading history. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Learn More on Mario Rizzo's salary. 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. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Enter your email address below to get our daily insider buying and selling report. 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. Information on this page was last updated on 2/22/2023. "Allstate brand implemented auto rate increases totaled $240. 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. 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. 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. . VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. As the Exec. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. It's taking a bit longer than expected. 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. 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. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. He is also a Certified Public Accountant. He is on the board of directors of St. Laurence High School in Burbank, Illinois. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. View Mario Rizzo's colleagues in Allstate Employee Directory. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. And the thing that stands out most to me is that the execution felt just like any other deal that Ive been part of, and it was a resounding success. 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. 2023 Financial Executives International (FEI) Chicago. Your update should be done soon. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Last updated: 21 February 2023 at 5:57pm EST. 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 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. Nathan Ellsworth. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. What is the salary of Mario Rizzo? The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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 also find the annual proxy statement by going directly to the company's website. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. Please. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Your update should be done soon. This article has been edited and condensed. 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 estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. They sold a total of 176,962 shares worth more than $23,587,115.41. Opinions expressed by Forbes Contributors are their own. Rizzo serves as a member of the Finance Committee and the Governing Board of UCAN Chicago, an organization focused on empowering youth to develop into our future leaders. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . Oops! Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. He is also a certified public accountant. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. All Rights Reserved. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. This represents a 50% increase from the . For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. 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. 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. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. On average, Mario trades about 3,291 units every 90 days since 2018. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. . What is the salary of Mario Rizzo? The Cor. 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.). It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. 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 . 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.). We can help protect your phone, your appliances and electronics, and your identity. We can help parents teach their kids to be safer drivers with our Drivewise telematics offering and, as people have been driving less since the beginning of the pandemic, our pay-per-mile Milewise product has grown dramatically, meeting the evolving driving needs of consumers and encouraging a low-carbon economy. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. 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. Allstate has 54,300 employees. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Its the most important work we do and its who we are as a company. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. 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. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace.

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