100+ "Mario Rizzo" profiles | LinkedIn For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. He is also a certified public accountant. 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 Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. 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. 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The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. ( bit.ly/2qpn7uh ) Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Allstate's Leadership Depth Provides Strategic and Operational Continuity Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Mario Rizzo is the Exec. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Learn More on Mario Rizzo's salary. 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. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. Allstate's Leadership Depth Provides Strategic and Operational 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 Net Worth (2022) | wallmine 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). Location data not available. 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. ALLSTATE CORP Executive Salaries & Other Compensation | Salary.com Thorough reviews have been conducted to assure this data accurately reflects disclosures. Board of Directors in ALLSTATE CORP 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. 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. This article has been edited and condensed. 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). Allstate Leadership | Allstate Corporation 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. 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. 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. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. What is Mario Rizzo's salary? Allstate. 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: Its true that price is a significant differentiator and a key to driving customer satisfaction. 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. It had never been done before, so we didnt know if it could be done. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. What else does Allstates finance leadership do to promote DE&I? Your update should be done soon. Mario Rizzo Net Worth (2022) | wallmine 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's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. Please try again. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Allstate CFO Mario Rizzo. 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. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. Allstate shakes up its leadership - Reinsurance News Executive Vice President and Chief Financial Officer. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension 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. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. 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 Learn More on Mario Rizzo's trading history. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Please try again. 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. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. 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. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. View Mario Rizzo's colleagues in Allstate Employee Directory. 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. 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. 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. He joined the company in 1989. Please enter zip code. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. 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. . 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. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. 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. This report is not for commercial use. Allstate's CFO says staying ahead of the curve is. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Mario Rizzo is the Exec. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. Mario Rizzo Named to Succeed Retiring Glenn Shapiro as President of Insiders at Allstate own 1.8% of the 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. The information shown here is a reporting of information included in the company's proxy statement. Mario Rizzo | Allstate Corporation You may also find the annual proxy statement by going directly to the company's website. 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. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. Allstate: $307M in January Cat Losses and Keeps the Auto Rate Hikes Coming Allstate names Rizzo to succeed Shapiro as president of property-liability There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Log in, Subscribers need to be logged in to see rest of this article. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Executive Vice President and Chief Financial Officer The Allstate Corporation Jan 2018 - Present5 years 2 months Northbrook, Illinois Senior Vice President and CFO, Allstate Personal Lines. Together we're building the future of protection. Information on this page was last updated on 2/22/2023. Thomson: Extreme heat, natural disasters and biodiversity losses have an outsized effect on the insurance industry, especially among property and casualty (P&C) insurers where losses from individual events like Hurricane Harvey now represent billions of dollars in loss. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . He will become President, Property-Liability, on Sept. 1. Do it. Oops! BREAKING: Tiny biotech successfully treats blindness. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. 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. Please. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. VP & CFO at Allstate Corp. As the Exec. 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). 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. Last updated: 21 February 2023 at 5:57pm EST. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. 2023 Financial Executives International (FEI) Chicago. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. 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. This information is according to proxy statements filed for the 2021 fiscal year. Allstate has 54,300 employees. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. Financial Executives International (FEI) is the premier association for CFOs and other. Glenn T. Shapiro - Salary.com All Rights Reserved. How do I contact Mario Rizzo? There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Mario Rizzo Net Worth (2023) | wallmine 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. Mario Rizzo Net Worth (2022) | wallmine 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. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. Learn More on Mario Rizzo's contact information. But the good news is, if China invades Taiwan, there is a way to protect yourself. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. They sold a total of 176,962 shares worth more than $23,587,115.41. On average, Mario trades about 3,291 units every 90 days since 2018. 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. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. As the Exec. 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 The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Allstate Increases Quarterly Dividend by 50% As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. This represents a 50% increase from the . Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. 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. 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). Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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. Last updated: 1 March 2023 at 11:00am EST. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Another thing differentiating Allstate is the breadth of our products. Coronavirus Tips Working and Protection. The Allstate Corporation 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 can help protect your phone, your appliances and electronics, and your identity. What is your take on integrating sustainability into financial planning? These products are marketed under the Allstate, Encompass and Esurance brand names. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Mario Rizzo Email & Phone Number - Allstate | ZoomInfo 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. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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. Molly Wilson on LinkedIn: Allstate's Plan to Return to Profit in Auto ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. It's taking a bit longer than expected. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Risk avoidance is the name of the game in insurance. 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. How Much Does Allstate Pay in 2023? (11,583 Salaries) The insurer also promoted Shebik as vice chairman. Compensation Information for Mario Rizzo, Executive Vice - Salary Location data not available. Opinions expressed by Forbes Contributors are their own. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Lisa Wicka. 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. . 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 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Mario Rizzo Net Worth (2023) | wallmine 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 is on the board of directors of St. Laurence High School in Burbank, Illinois. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. Phone Email. During the last year, insiders at the insurance provider sold shares 3 times. The information shown here is a reporting of information included in the company's proxy statement. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Mr Rizzo is 54, he's been the Exec. 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. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Learn More on Mario Rizzo's trading history. Oops! 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. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021.
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