ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. The information shown here is a reporting of information included in the company's proxy statement. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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 became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. 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. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. 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. 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'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). Its a complicated issue that requires a comprehensive approach for success. All Rights Reserved. Learn More on Mario Rizzo's contact information. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Insiders at Allstate own 1.8% of the company. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. Do it. Learn More on Allstate's active insiders. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. This report is not for commercial use. Chart Data in Insider Trading History Table. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Last updated: 21 February 2023 at 5:57pm EST. 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. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . He joined the company in 1989. 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.). Mario Rizzo is the Exec. The insurer also promoted Shebik as vice chairman. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. document.write(new Date().getFullYear()); Allstate Insurance Company. 2023 Financial Executives International (FEI) Chicago. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. Its the most important work we do and its who we are as a company. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. You have entered an invalid ZIP. It had never been done before, so we didnt know if it could be done. Together we're building the future of protection. What is your take on integrating sustainability into financial planning? Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . 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. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. 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. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. These products are marketed under the Allstate, Encompass and Esurance brand names. 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 Mario Rizzo Glenn T. Shapiro BASE PAY $836,539 BONUS + INCENTIVE COMP $1,906,680 TOTAL CASH COMPENSATION $2,743,219 STOCK AWARD VALUE $1,621,454 OPTION AWARD VALUE $1,101,729 TOTAL EQUITY $2,723,183 TOTAL OTHER $34,593 TOTAL COMPENSATION $5,500,995 Q Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Another thing differentiating Allstate is the breadth of our products. 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. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. We can help protect your phone, your appliances and electronics, and your identity. Lisa Wicka. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. document.write(new Date().getFullYear()); Allstate Insurance Company. It's taking a bit longer than expected. This article has been edited and condensed. Last updated: 1 March 2023 at 11:00am EST. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. (312) 263-1661 |info@feichicago.org|www.feichicago.org. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Learn More about Mario Rizzo's net worth. 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 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 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. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. 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. Coronavirus Tips Working and Protection. 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. As the Exec. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? This information is according to proxy statements filed for the 2021 fiscal year. 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. Oops! Location data not available. 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. What is Mario Rizzo's salary? Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Learn More on Mario Rizzo's trading history. Jess Merten will assume the Chief. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. Please try again. 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. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. 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. Owner. 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. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. Nathan Ellsworth. . Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. 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). "Mario Rizzo, president of Allstate It's taking a bit longer than expected. But the good news is, if China invades Taiwan, there is a way to protect yourself. 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. For other finance leaders out there, I just want to say: think big. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. President, Property-Liability
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. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Please enter zip code. Together we can continue to drive systemic change. 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. We have a powerful team that guides us to be bold, innovative and collaborative. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Executive Vice President and Chief Financial Officer. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. Phone Email. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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.). 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. 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. 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. This represents a 50% increase from the . 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. He is also a certified public accountant. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. 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 Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. He is on the board of directors of St. Laurence High School in Burbank, Illinois. 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. He is also a Certified Public Accountant. Allstate's CFO says staying ahead of the curve is. Learn More about insider trades at Allstate. Log in, Subscribers need to be logged in to see rest of this article. Please enter zip code. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Allstate has 54,300 employees. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Get notified the next time Mario Rizzo buys or sells Allstate stock. Information on this page was last updated on 2/22/2023. There are 24 older and 6 younger executives at Allstate Corp. Mr Rizzo is 54, he's been the Exec. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. What is the salary of Mario Rizzo? 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. 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. 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. We owe it to our customers to offer them industry-leading products at affordable prices. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. 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. 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 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 is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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. This report is not for commercial use. 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. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. You may also find the annual proxy statement by going directly to the company's website. Please. . The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. 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? 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. 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. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. The impacts of catastrophes and climate change are core to financial planning and risk and return management processes because [theyre] foundational to our sustained success. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. Your update should be done soon. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. We offer a lot beyond typical auto and home insurance. Please try again. VP & CFO at Allstate Corp. As the Exec. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Shapiro joined Allstate as chief claims officer in 2016 . How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? 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. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands.