Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. 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. Mario Rizzo is the Exec. All Rights Reserved. Opinions expressed by Forbes Contributors are their own. 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. But the good news is, if China invades Taiwan, there is a way to protect yourself. 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. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Together we can continue to drive systemic change. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. 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. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. It's taking a bit longer than expected. It's taking a bit longer than expected. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. 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. Allstate's CFO says staying ahead of the curve is. All Rights Reserved. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Last updated: 1 March 2023 at 11:00am EST. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. View Mario Rizzo's colleagues in Allstate Employee Directory. 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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). 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 Cor. "Mario Rizzo, president of Allstate You may also find the annual proxy statement by going directly to the company's website. Log in, Subscribers need to be logged in to see rest of this article. 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. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. document.write(new Date().getFullYear()); Allstate Insurance Company. 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. 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. Allstate. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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). This report is not for commercial use. VP & CFO at Allstate Corp. As the Exec. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. But our solution set is much broader than just reinsurance. The information shown here is a reporting of information included in the company's proxy statement. 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 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. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Financial Executives International (FEI) is the premier association for CFOs and other. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. 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. All proxy statements are public filings made available to the general public by the SEC. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. Chicago CFO of the Year is a registered trademark of FEI Chicago. The Allstate Corporation However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Learn More on Allstate's active insiders. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 2023 Financial Executives International (FEI) Chicago. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. VP & CFO of Allstate Corp since . 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. Please enter zip code. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? 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. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? Allstate CFO Mario Rizzo. We owe it to our customers to offer them industry-leading products at affordable prices. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Learn More about Mario Rizzo's net worth. Learn More about Mario Rizzo's net worth. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. Your update should be done soon. What is the salary of Mario Rizzo? Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. 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). Salaries posted anonymously by Allstate employees. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Owner. 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. Location data not available. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Information on this page was last updated on 2/22/2023. 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. You have entered an invalid ZIP. 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 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. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. We can help protect your phone, your appliances and electronics, and your identity. 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. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Oops! This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. Nathan Ellsworth. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension We offer a lot beyond typical auto and home insurance. 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. 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. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. ( bit.ly/2qpn7uh ) The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. You have entered an invalid ZIP. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. 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 is the Exec. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. 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 most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . Learn More on Mario Rizzo's trading history. This article has been edited and condensed. Together we're building the future of protection. 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. 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 impacts of catastrophes and climate change are core to financial planning and risk and return management processes because [theyre] foundational to our sustained success. What is your take on integrating sustainability into financial planning? 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. Learn More on Allstate's active insiders. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Learn More on Mario Rizzo's trading history. Learn More about insider trades at Allstate. Jess Merten will assume the Chief. The insurer also promoted Shebik as vice chairman. He is on the board of directors of St. Laurence High School in Burbank, Illinois. As the Chief Financial Officer and Executive Vice President of Allstate Corp, the total compensation of Mario Rizzo at Allstate Corp is $4,426,140. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. 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.). Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. 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. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. 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. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. It had never been done before, so we didnt know if it could be done. Risk avoidance is the name of the game in insurance. Get notified the next time Mario Rizzo buys or sells Allstate stock. document.write(new Date().getFullYear()); Allstate Insurance Company. On average, Mario trades about 3,291 units every 90 days since 2018. 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. 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. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Your update should be done soon. 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. This information is according to proxy statements filed for the 2021 fiscal year. senior financial executives in the United States and Canada. 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 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. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. Phone Email. Please try again. 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. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. What else does Allstates finance leadership do to promote DE&I? There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Executive Vice President and Chief Financial Officer. Learn More on Mario Rizzo's contact information. 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. As the Exec. Allstate Insurance Company. Oops! 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. Board of Directors in ALLSTATE CORP Thorough reviews have been conducted to assure this data accurately reflects disclosures. Its the most important work we do and its who we are as a 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. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Shapiro joined Allstate as chief claims officer in 2016 . Another thing differentiating Allstate is the breadth of our products. 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. Insiders at Allstate own 1.8% of the company. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. 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 The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. There are 24 older and 6 younger executives at Allstate Corp. Jess Merten will assume the Chief Financial Officer role, leveraging his broad What is Mario Rizzo's salary? Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. There are 21 older and 8 younger executives at Allstate Corp. 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. He has held key leadership positions at the company since 1995, including all major operating units. 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.
8 Pin Lift Chair Remote, How To Indent Bullet Points In Canva, Articles M