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. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Its a complicated issue that requires a comprehensive approach for success. Finance has been a key part of building our strategy by partnering and collaborating with our businesses and deploying capital to support and accelerate our strategy with strategic acquisitions. Your update should be done soon. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Weve made great progress on our cost structure over the past several years, and our finance team has partnered with our business areas to identify and act on cost reduction opportunities. We have modified underwriting, redesigned our homeowners product to better match price with risk and created an internal brokerage to provide customers alternatives for coverage. Allstate. All proxy statements are public filings made available to the general public by the SEC. He has held key leadership positions at the company since 1995, including all major operating units. Do it. He joined the company in 1989. The Allstate Corporation Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. Another thing differentiating Allstate is the breadth of our products. 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. 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). Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. He is on the board of directors of St. Laurence High School in Burbank, Illinois. document.write(new Date().getFullYear()); Allstate Insurance Company. Allstate's CFO says staying ahead of the curve is. This represents a 50% increase from the . 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. 2023 Financial Executives International (FEI) Chicago. 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. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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 has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with 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). Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. Together we're building the future of protection. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . Last updated: 1 March 2023 at 11:00am EST. They sold a total of 176,962 shares worth more than $23,587,115.41. Location data not available. (312) 263-1661 |info@feichicago.org|www.feichicago.org. document.write(new Date().getFullYear()); Allstate Insurance Company. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. 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. Enter your email address below to get our daily insider buying and selling report. Opinions expressed by Forbes Contributors are their own. 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 annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. Risk avoidance is the name of the game in insurance. Thomson: Extreme heat, natural disasters and biodiversity losses have an outsized effect on the insurance industry, especially among property and casualty (P&C) insurers where losses from individual events like Hurricane Harvey now represent billions of dollars in loss. Mario Rizzo is Executive Vice President and Chief Financial Officer of The Allstate Corporation and Allstate Insurance Company, as well as a member of Allstates Operating Committee. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. During the last year, insiders at the insurance provider sold shares 3 times. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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). Salaries posted anonymously by Allstate employees. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. It's taking a bit longer than expected. Please try again. 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. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Mario Rizzo is the Exec. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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 estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. On average, Mario trades about 3,291 units every 90 days since 2018. How do I contact Mario Rizzo? Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. Learn More on Allstate's active insiders. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, 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. Executive Vice President and Chief Financial Officer. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. The information shown here is a reporting of information included in the company's proxy statement. 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. VP & CFO at Allstate Corp. As the Exec. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. You may also find the annual proxy statement by going directly to the company's website. Location data not available. What is your take on integrating sustainability into financial planning? 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. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. It's taking a bit longer than expected. This report is not for commercial use. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. It had never been done before, so we didnt know if it could be done. Mario Rizzo is the Exec. 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 corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. All Rights Reserved. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. Shapiro joined Allstate as chief claims officer in 2016 . 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. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. Allstate has 54,300 employees. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Learn More about insider trades at Allstate. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. . VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. View Mario Rizzo's colleagues in Allstate Employee Directory. Phone Email. Please try again. Financial Executives International (FEI) is the premier association for CFOs and other. 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. Last updated: 21 February 2023 at 5:57pm EST. 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. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension 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. 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. This report is not for commercial use. 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. Chicago CFO of the Year is a registered trademark of FEI Chicago. 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. Your update should be done soon. He is also a certified public accountant. 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. We have a powerful team that guides us to be bold, innovative and collaborative. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Board of Directors in ALLSTATE CORP Coronavirus Tips Working and Protection. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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.). 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 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 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 . 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. But the good news is, if China invades Taiwan, there is a way to protect yourself. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Jess Merten will assume the Chief Financial Officer role, leveraging his broad There was some risk in trying something new and different but we started reaching out to other companies for their thoughts, including our partner banks, and without exception the answer was: do it. Learn More on Mario Rizzo's contact information. 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. Lisa Wicka. This information is according to proxy statements filed for the 2021 fiscal year. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? Allstate CFO Mario Rizzo. Mr Rizzo is 54, he's been the Exec. 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. You have entered an invalid ZIP. What is Mario Rizzo's salary? Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Chart Data in Insider Trading History Table. Mario Rizzo was named president, Property-Liability, at Allstate effective September 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. ( bit.ly/2qpn7uh ) "Allstate brand implemented auto rate increases totaled $240. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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 As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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. As the Exec. 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 In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. 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. 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.). 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 largest trade he's ever made was exercising 25,648 units of Allstate Corp stock on 4 February 2022 worth over $1,811,262. Rizzo has held numerous senior roles at Allstate during his 33 years with the company, most recently as executive vice president and chief financial officer of The Allstate Corporation and Allstate Insurance Company. All proxy statements are public filings made available to the general public by the SEC. Learn More about Mario Rizzo's net worth. Jess Merten will assume the Chief. Please enter zip code. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . 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. All Rights Reserved. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. 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. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. This article has been edited and condensed. Its the most important work we do and its who we are as a company. 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. 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 In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Information on this page was last updated on 2/22/2023. Learn More on Mario Rizzo's salary. Together we can continue to drive systemic change. Nathan Ellsworth. Learn More about Mario Rizzo's net worth. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. Get notified the next time Mario Rizzo buys or sells Allstate stock. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. What is the salary of Mario Rizzo? Allstate Corp executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker.