Allstate Insurance Company. document.write(new Date().getFullYear()); Allstate Insurance Company. 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. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. You may also find the annual proxy statement by going directly to the company's website. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. It was reported that Property-Liability earned premium of $10.9bn increased 8.6% in the second quarter of 2022 compared to the prior year quarter, which was driven primarily by higher average premiums and policies in force growth. document.write(new Date().getFullYear()); Allstate Insurance Company. 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 information shown here is a reporting of information included in the company's proxy statement. 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. 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? 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. Get notified the next time Mario Rizzo buys or sells Allstate stock. senior financial executives in the United States and Canada. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension "Mario Rizzo, president of Allstate Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. We have a powerful team that guides us to be bold, innovative and collaborative. Nathan Ellsworth. What is the salary of Mario Rizzo? What is Mario Rizzo's salary? Allstate's CFO says staying ahead of the curve is. 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 All proxy statements are public filings made available to the general public by the SEC. 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. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. 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. Learn More on Mario Rizzo's salary. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. Salaries posted anonymously by Allstate employees. There are 21 older and 8 younger executives at Allstate Corp. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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 $5,500,995 Q Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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. The most recent stock trade was executed by Jesse E Merten on 22 February 2023, trading 38,659 units of ALL stock currently worth $3,577,504. And the thing that stands out most to me is that the execution felt just like any other deal that Ive been part of, and it was a resounding success. . Rizzo has a bachelor's degree in economics from the University of Michigan and a Master of Business Administration in finance and accounting from the University of Chicago. Opinions expressed by Forbes Contributors are their own. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? VP & CFO of Allstate Corp since . Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . 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. 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. All Rights Reserved. . The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Last updated: 21 February 2023 at 5:57pm EST. You may also find the annual proxy statement by going directly to the company's website. Its a complicated issue that requires a comprehensive approach for success. Oops! Mario Rizzo is the Exec. Oops! Jess Merten will assume the Chief. Please try again. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. These products are marketed under the Allstate, Encompass and Esurance brand names. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. How do I contact Mario Rizzo? 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. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. 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. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Learn More about Mario Rizzo's net worth. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. Learn More on Allstate's active insiders. It's taking a bit longer than expected. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. All Rights Reserved. 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. 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. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. This report is not for commercial use. It had never been done before, so we didnt know if it could be done. Owner. 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. View Mario Rizzo's colleagues in Allstate Employee Directory. 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. 2023 Financial Executives International (FEI) Chicago. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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). As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. The information shown here is a reporting of information included in the company's proxy statement. We offer a lot beyond typical auto and home insurance. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. 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. 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: Its true that price is a significant differentiator and a key to driving customer satisfaction. Mario Rizzo is the Exec. 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. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. For other finance leaders out there, I just want to say: think big. As the Exec. Together we're building the future of protection. 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. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Your update should be done soon. 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). Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. We can help protect your phone, your appliances and electronics, and your identity. This represents a 50% increase from the . Chart Data in Insider Trading History Table. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Learn More about Mario Rizzo's net worth. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . Russia's war on Ukraine latest: Putin casts war as battle for nation's survival, India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom, ZIONS BANCORPORATION, NATIONAL ASSOCIATION, Transcript : The Allstate Corporation, Q4 2022 Earnings Call, Feb 02, 2023, Transcript : The Allstate Corporation - Special Call, Allstate Names Jess Merten as Chief Financial Officer, The Allstate Corporation Announces CFO Changes, The Allstate Corporation Announces Executive Changes, Allstate Reports $223 million in July Catastrophe Losses, Raises Rates, Transcript : The Allstate Corporation, Q2 2022 Earnings Call, Aug 04, 2022. The insurer also promoted Shebik as vice chairman. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Financial Executives International (FEI) is the premier association for CFOs and other. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? There are 9 executives at Allstate Corp 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. 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. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. 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. 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 Cor. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. 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. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. 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. Do it. This report is not for commercial use. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Phone Email. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. 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. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Please enter zip code. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . On average, Mario trades about 3,291 units every 90 days since 2018. Location data not available. 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. Coronavirus Tips Working and Protection. This information is according to proxy statements filed for the 2021 fiscal year. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. 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. 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 . Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. Learn More about insider trades at Allstate. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. Information on this page was last updated on 2/22/2023. 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. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. 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. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. 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. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. Log in, Subscribers need to be logged in to see rest of this article. 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. 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 CEO pay ratio data on its annual proxy statement to the SEC. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. ( bit.ly/2qpn7uh ) 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 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).
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December 1, 2022
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