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. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? 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). We owe it to our customers to offer them industry-leading products at affordable prices. Learn More on Mario Rizzo's trading history. Learn More about insider trades at Allstate. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Executive Vice President and Chief Financial Officer. 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. 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. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. You may also find the annual proxy statement by going directly to the company's website. This article has been edited and condensed. Jess Merten will assume the Chief Financial Officer role, leveraging his broad 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. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. 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 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). What is the salary of Mario Rizzo? 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. 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 It's taking a bit longer than expected. 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. Mr Rizzo is 54, he's been the Exec. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. 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. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. "Mario Rizzo, president of Allstate You may also find the annual proxy statement by going directly to the company's website. 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. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. document.write(new Date().getFullYear()); Allstate Insurance Company. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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 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. 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). VP & CFO of Allstate Corp since . 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. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. Please try again. Lisa Wicka. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . The information shown here is a reporting of information included in the company's proxy statement. 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. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. 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. Please enter zip code. Mario Rizzo is the Exec. He has held key leadership positions at the company since 1995, including all major operating units. 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. 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. Please. View Mario Rizzo's colleagues in Allstate Employee Directory. Information on this page was last updated on 2/22/2023. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. This report is not for commercial use. Learn More on Mario Rizzo's contact information. 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 is widely known for the slogan 'You're in Good Hands with Allstate.'. Its a complicated issue that requires a comprehensive approach for success. Do it. 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). It had never been done before, so we didnt know if it could be done. Financial Executives International (FEI) is the premier association for CFOs and other. 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 For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. All proxy statements are public filings made available to the general public by the SEC. 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 The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. 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. This report is not for commercial use. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. Salaries posted anonymously by Allstate employees. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. 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. . Allstate's CFO says staying ahead of the curve is. 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 is also on the board of Allstate Life Insurance Co., Uhlich Children's Advantage Network, National General Holdings Corp. and Allstate Global Holdings Ltd. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. Board of Directors in ALLSTATE CORP Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. Phone Email. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. VP & CFO at Allstate Corp. As the Exec. 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. Together we're building the future of protection. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. The information shown here is a reporting of information included in the company's proxy statement. 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. 2023 Financial Executives International (FEI) Chicago. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Your update should be done soon. Coronavirus Tips Working and Protection. Learn More about Mario Rizzo's net worth. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. The Allstate Corporation Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. 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. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. We have a powerful team that guides us to be bold, innovative and collaborative. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Opinions expressed by Forbes Contributors are their own. 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). Owner. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. Location data not available. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. 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. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. Oops! Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Its the most important work we do and its who we are as a company. He will become President, Property-Liability, on Sept. 1. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. 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. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. 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. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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? Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. What is your take on integrating sustainability into financial planning? There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. 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. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. document.write(new Date().getFullYear()); Allstate Insurance Company. Learn More on Mario Rizzo's trading history. On average, Mario trades about 3,291 units every 90 days since 2018. 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? Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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. Rizzo has a bachelor's degree in economics from the University of Michigan and a Master of Business Administration in finance and accounting from the University of Chicago. 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 is the Exec. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Location data not available. What is Mario Rizzo's salary? 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. We can help protect your phone, your appliances and electronics, and your identity. All proxy statements are public filings made available to the general public by the SEC. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. 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. Jess Merten will assume the Chief. He is also a Certified Public Accountant. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Together we can continue to drive systemic change. He is also a certified public accountant. Your update should be done soon. "Allstate brand implemented auto rate increases totaled $240. Allstate Insurance Company. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. It's taking a bit longer than expected. 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. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. 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.). Learn More on Allstate's active insiders. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Please try again. They sold a total of 176,962 shares worth more than $23,587,115.41. 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. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. President, Property-Liability But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. 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. 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. But the good news is, if China invades Taiwan, there is a way to protect yourself. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. 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 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. 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. All Rights Reserved. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Last updated: 1 March 2023 at 11:00am EST. 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. 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Learn More about Mario Rizzo's net worth. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. 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. 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. We offer a lot beyond typical auto and home insurance. Enter your email address below to get our daily insider buying and selling report. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. 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 21 older and 8 younger executives at Allstate Corp. 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? The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022.

Blessed Quotes For Sister, Sunset Memorial Funeral Home Rocky Mount Nc Obituaries, Exotic Airbnb California, Articles M