mario rizzo allstate salary

Its a complicated issue that requires a comprehensive approach for success. 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. Do it. 2023 Financial Executives International (FEI) Chicago. All proxy statements are public filings made available to the general public by the SEC. senior financial executives in the United States and Canada. 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). Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. Your update should be done soon. How do I contact Mario Rizzo? Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Learn More on Mario Rizzo's trading history. He has held key leadership positions at the company since 1995, including all major operating units. 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). Learn More on Mario Rizzo's contact information. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. 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. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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 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 Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. 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. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. Phone Email. 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 disclosed that its president of property-liability, Glenn Shapiro, is retiring, effective September 30, with CFO Mario Rizzo taking his place, effective September 1. But our solution set is much broader than just reinsurance. Mario Rizzo is the Exec. Coronavirus Tips Working and Protection. Jess Merten will assume the Chief. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. Chart Data in Insider Trading History Table. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Shapiro joined Allstate as chief claims officer in 2016 . 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. 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. 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). Mario Rizzo has not been actively trading shares of Allstate during the past quarter. This information is according to proxy statements filed for the 2021 fiscal year. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? 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. Chicago CFO of the Year is a registered trademark of FEI Chicago. Please. But the good news is, if China invades Taiwan, there is a way to protect yourself. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. ( bit.ly/2qpn7uh ) The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. 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. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? "Allstate brand implemented auto rate increases totaled $240. 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. Allstate has 54,300 employees. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . Allstate. The information shown here is a reporting of information included in the company's proxy statement. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. On average, Mario trades about 3,291 units every 90 days since 2018. 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). 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? 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. Together we're building the future of protection. You may also find the annual proxy statement by going directly to the company's website. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. During the last year, insiders at the insurance provider sold shares 3 times. All Rights Reserved. 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. VP & CFO of Allstate Corp since . There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. The Allstate Corporation They sold a total of 176,962 shares worth more than $23,587,115.41. 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. Please enter zip code. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. 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). The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. Learn More on Mario Rizzo's salary. President, Property-Liability Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Get notified the next time Mario Rizzo buys or sells Allstate stock. 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. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. 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. 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. We have a powerful team that guides us to be bold, innovative and collaborative. 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. He is also a Certified Public Accountant. document.write(new Date().getFullYear()); Allstate Insurance Company. These products are marketed under the Allstate, Encompass and Esurance brand names. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. Risk avoidance is the name of the game in insurance. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. This report is not for commercial use. As the Exec. 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. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. 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. 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. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. Another thing differentiating Allstate is the breadth of our products. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. Lisa Wicka. What is Mario Rizzo's salary? Opinions expressed by Forbes Contributors are their own. We can help protect your phone, your appliances and electronics, and your identity. Learn More about Mario Rizzo's net worth. 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. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Information on this page was last updated on 2/22/2023. Insiders at Allstate own 1.8% of the company. What is the salary of Mario Rizzo? What else does Allstates finance leadership do to promote DE&I? Oops! Please enter zip code. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. It's taking a bit longer than expected. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Of this total $748,616 was received as a salary, $1,478,500 was received as a bonus, $917,031 was received in stock options, $1,349,579 was awarded as stock and $25,790 came from other types of compensation. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Learn More on Allstate's active insiders. 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. (312) 263-1661 |info@feichicago.org|www.feichicago.org. BREAKING: Tiny biotech successfully treats blindness. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. Learn More about Mario Rizzo's net worth. 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 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. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. It's taking a bit longer than expected. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. 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. Learn More about insider trades at Allstate. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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. 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad 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. 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. What is the salary of Mario Rizzo? He joined the company in 1989. The insurer also promoted Shebik as vice chairman. Enter your email address below to get our daily insider buying and selling report. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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 There are 21 older and 8 younger executives at Allstate Corp. document.write(new Date().getFullYear()); Allstate Insurance Company. Mr Rizzo is 54, he's been the Exec. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? Please try again. It had never been done before, so we didnt know if it could be done. Allstate Insurance Company. 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.). Last updated: 1 March 2023 at 11:00am EST. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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. 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 article has been edited and condensed. "Mario Rizzo, president of Allstate Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. All proxy statements are public filings made available to the general public by the SEC. But we went on to discuss Allstates proactive approach to certain climate change risks, as well as the firms recent efforts around diversity, equity and inclusion (DE&I). On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. This report is not for commercial use. 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. 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. You have entered an invalid ZIP. What is your take on integrating sustainability into financial planning? 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. 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This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. Nathan Ellsworth. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. 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. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Learn More on Allstate's active insiders. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. 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 is Chief Financial Officer, Executive Vice President of the company. . 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. There are 24 older and 6 younger executives at Allstate Corp. Location data not available. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Together we can continue to drive systemic change. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. 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. 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. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. VP & CFO at Allstate Corp. As the Exec. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . 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 Your update should be done soon. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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. For other finance leaders out there, I just want to say: think big. 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 We offer a lot beyond typical auto and home insurance. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. The most recent insider tranaction occured on February, 22nd when CFO Jesse E Merten sold 29,451 shares worth more than $3,951,735.18. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. Mario Rizzo Executive Vice President and Chief Financial Officer, The Allstate Corporation Northbrook, IL The Allstate Corporation, +1 more Mario Rizzo Back-end developer Greater Naples. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . 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. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. 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. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. 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. We owe it to our customers to offer them industry-leading products at affordable prices. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. 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 Cor. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets.