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Executive Vice President and Chief Financial Officer. 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. 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. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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. The information shown here is a reporting of information included in the company's proxy statement. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. ALLSTATE CORP Executive Salaries & Other Compensation | Salary.com As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Nathan Ellsworth. View Mario Rizzo's colleagues in Allstate Employee Directory. This information is according to proxy statements filed for the 2021 fiscal year. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. What is the salary of Mario Rizzo? During the last year, insiders at the insurance provider sold shares 3 times. It had never been done before, so we didnt know if it could be done. Insiders at Allstate own 1.8% of the company. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. 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. 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). Allstate Leadership | Allstate Corporation Mario Rizzo - Executive Vice President and Chief Financial Officer 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. 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. The Cor. Mario Rizzo - Biography 2023 Financial Executives International (FEI) Chicago. You have entered an invalid ZIP. He has held key leadership positions at the company since 1995, including all major operating units. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. What is Mario Rizzo's salary? The Allstate Corporation Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. Its a complicated issue that requires a comprehensive approach for success. We can help protect your phone, your appliances and electronics, and your identity. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. They sold a total of 176,962 shares worth more than $23,587,115.41. Allstate. Mario Rizzo, Allstate CFO, interviews Sidney Dillard during The - Loop All proxy statements are public filings made available to the general public by the SEC. Chart Data in Insider Trading History Table. President, Property-Liability (312) 263-1661 |info@feichicago.org|www.feichicago.org. Thomas J. Wilson - Salary.com 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 most recent insider tranaction occured on February, 22nd when CFO Jesse E Merten sold 29,451 shares worth more than $3,951,735.18. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. . Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. Chicago CFO of the Year is a registered trademark of FEI Chicago. Please enter zip code. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. 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 Leadership Depth Provides Strategic and Operational Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. 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. 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? All Rights Reserved. You may also find the annual proxy statement by going directly to the company's website. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. But our solution set is much broader than just reinsurance. The Allstate Corporation protects people from life's uncertainties with a wide array of protection for autos, homes, electronic devices and identity theft with more than 172 million policies in force. The insurer also promoted Shebik as vice chairman. Mario Rizzo Net Worth (2022) | wallmine Please. Enter your email address below to get our daily insider buying and selling report. Allstate Announces Senior Leadership Changes Mario Rizzo | Allstate Corporation There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. 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). Owner. 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 offer a lot beyond typical auto and home insurance. 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. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Learn More about insider trades at Allstate. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? 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. This represents a 50% increase from the . In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. 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. You have entered an invalid ZIP. He is also a Certified Public Accountant. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. 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. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Mr Rizzo is 54, he's been the Exec. 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 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Learn More on Mario Rizzo's trading history. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. This article has been edited and condensed. 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. Oops! In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. "Mario Rizzo, president of Allstate Risk avoidance is the name of the game in insurance. Do it. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Mario Rizzo Email & Phone Number - Allstate | ZoomInfo 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. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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 developed a strategic plan for DE&I, and were accountable at a board level to execute on that. Learn More about Mario Rizzo's net worth. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. Mario Rizzo Net Worth (2023) | wallmine 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 How Much Does Allstate Pay in 2023? (11,583 Salaries) Please enter zip code. 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. 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. Allstate's Leadership Depth Provides Strategic and Operational Continuity Allstate Increases Quarterly Dividend by 50% How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? These products are marketed under the Allstate, Encompass and Esurance brand names. Molly Wilson on LinkedIn: Allstate's Plan to Return to Profit in Auto VP & CFO at Allstate Corp. As the Exec. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Jess Merten will assume the Chief. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. 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 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. He will become President, Property-Liability, on Sept. 1. 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. Another thing differentiating Allstate is the breadth of our products. We owe it to our customers to offer them industry-leading products at affordable prices. Location data not available. 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. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. He is on the board of directors of St. Laurence High School in Burbank, Illinois. 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. On average, Mario trades about 3,291 units every 90 days since 2018. Last updated: 21 February 2023 at 5:57pm EST. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. But the good news is, if China invades Taiwan, there is a way to protect yourself. Mario Rizzo is the Exec. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. 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 Selects Only Diverse Investment Banks For $1.2 Billion Bond Deal Board of Directors in ALLSTATE CORP 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. Your update should be done soon. 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. 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Phone Email. 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). As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. What is your take on integrating sustainability into financial planning? For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. All proxy statements are public filings made available to the general public by the SEC. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. Learn More about Mario Rizzo's net worth. 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 estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. 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. Learn More on Mario Rizzo's salary. 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 . Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. It's taking a bit longer than expected. It's taking a bit longer than expected. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Allstate shakes up its leadership - Reinsurance News Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. 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. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. 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 is widely known for the slogan 'You're in Good Hands with Allstate.'. Mario Rizzo is the Exec. 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. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other.