The Cor. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. What else does Allstates finance leadership do to promote DE&I? Jess Merten will assume the Chief. Mario Rizzo - Biography 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. Mario Rizzo Net Worth (2022) | wallmine 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. Please enter zip code. Learn More about Mario Rizzo's net worth. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. For other finance leaders out there, I just want to say: think big. Mario Rizzo Net Worth (2023) | wallmine You may also find the annual proxy statement by going directly to the company's website. Allstate Announces Senior Leadership Changes Learn More on Mario Rizzo's trading history. 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. Allstate Executives Shuffle With Retirement of Property-Liability President He joined the company in 1989. 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. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. The insurer also promoted Shebik as vice chairman. ( bit.ly/2qpn7uh ) Learn More on Allstate's active insiders. Thorough reviews have been conducted to assure this data accurately reflects disclosures. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. 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 It's taking a bit longer than expected. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. 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. Allstate names Rizzo to succeed Shapiro as president of property-liability On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. You have entered an invalid ZIP. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Allstate's CFO On Driving Change: 'Think Big And Do It!' - Forbes 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. Please try again. 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 Leadership Depth Provides Strategic and Operational Continuity In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. 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. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. These products are marketed under the Allstate, Encompass and Esurance brand names. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. 100+ "Mario Rizzo" profiles | LinkedIn Mario Rizzo Net Worth (2023) | wallmine CA 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. Its a broad set of actions, covering everything from pay practices and representation goals, to supplier diversity and adding a new racial equity pillar to the corporate foundation. 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. Mario Rizzo, Allstate CFO, interviews Sidney Dillard during The - Loop Learn More about Mario Rizzo's net worth. Mario Rizzo | Allstate Corporation Learn More on Mario Rizzo's salary. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. 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 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. We owe it to our customers to offer them industry-leading products at affordable prices. 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. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? ALLSTATE CORP Executive Salaries & Other Compensation | Salary.com 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. 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. BREAKING: Tiny biotech successfully treats blindness. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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. Insiders at Allstate own 1.8% of the company. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. VP & CFO of Allstate Corp since . Mario Rizzo Net Worth (2022) | wallmine Oops! What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. All proxy statements are public filings made available to the general public by the SEC. He is also a Certified Public Accountant. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Allstate's Leadership Depth Provides Strategic and Operational He will become President, Property-Liability, on Sept. 1. 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 What is your take on integrating sustainability into financial planning? Please. "Mario Rizzo, president of Allstate Information on this page was last updated on 2/22/2023. Mr Rizzo is 54, he's been the Exec. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. Learn More about insider trades at Allstate. 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. 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. Learn More on Mario Rizzo's trading history. All proxy statements are public filings made available to the general public by the SEC. Mario Rizzo - FEI Chicago Chapter There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . Salaries posted anonymously by Allstate employees. 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 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. (312) 263-1661 |info@feichicago.org|www.feichicago.org. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. During the last year, insiders at the insurance provider sold shares 3 times. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Together we're building the future of protection. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. This report is not for commercial use. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. Location data not available. Molly Wilson on LinkedIn: Allstate's Plan to Return to Profit in Auto On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. This article has been edited and condensed. Board of Directors in ALLSTATE CORP 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. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Please try again. 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 Glenn T. Shapiro - Salary.com 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. This report is not for commercial use. We can help protect your phone, your appliances and electronics, and your identity. 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 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. Its the most important work we do and its who we are as a company. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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 Biography and Net Worth - InsiderTrades Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. Together we can continue to drive systemic change. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. We have a powerful team that guides us to be bold, innovative and collaborative. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. How do I contact Mario Rizzo? Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. 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). It's taking a bit longer than expected. Coronavirus Tips Working and Protection. 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. Owner. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Chart Data in Insider Trading History Table. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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 has 54,300 employees. 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? As the Chief Financial Officer and Executive Vice President of The Allstate, the total compensation of Mario Rizzo at The Allstate is $4,426,140. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. 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 board members on its annual proxy statement to the SEC. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. 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. Risk avoidance is the name of the game in insurance. Nathan Ellsworth. 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 Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. The Allstate Corporation Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension 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. 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. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. document.write(new Date().getFullYear()); Allstate Insurance Company. Oops! The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Mario Rizzo is the Exec. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. 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. They sold a total of 176,962 shares worth more than $23,587,115.41. 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. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? Financial Executives International (FEI) is the premier association for CFOs and other. Chicago CFO of the Year is a registered trademark of FEI Chicago. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. senior financial executives in the United States and Canada. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. What is the salary of Mario Rizzo? Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. 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). 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.). There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. This information is according to proxy statements filed for the 2021 fiscal year. Mario Rizzo Email & Phone Number - Allstate | ZoomInfo He is also a certified public accountant. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. You may also find the annual proxy statement by going directly to the company's website. There are 24 older and 6 younger executives at Allstate Corp. Get notified the next time Mario Rizzo buys or sells Allstate stock. Do it. 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 Rizzo has not been actively trading shares of Allstate during the past quarter. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. There are 5 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. 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. 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 Exec. . Mario Rizzo is the Exec. But the good news is, if China invades Taiwan, there is a way to protect yourself. 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.
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