Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. Executive Vice President and Chief Financial Officer. Please. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. 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 Allstate's CFO says staying ahead of the curve is. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? 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 CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. The insurer also promoted Shebik as vice chairman. All Rights Reserved. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. . Last updated: 1 March 2023 at 11:00am EST. Financial Executives International (FEI) is the premier association for CFOs and other. 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. Nathan Ellsworth. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. 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. 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.). Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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. As the Chief Financial Officer and Executive Vice President of Allstate Corp, the total compensation of Mario Rizzo at Allstate Corp is $4,426,140. He is also a Certified Public Accountant. BREAKING: Tiny biotech successfully treats blindness. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Allstate. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Learn More on Allstate's active insiders. 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. 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). Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Get notified the next time Mario Rizzo buys or sells Allstate stock. View Mario Rizzo's colleagues in Allstate Employee Directory. 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. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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 . 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. This article has been edited and condensed. The Cor. 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. Jess Merten will assume the Chief. Log in, Subscribers need to be logged in to see rest of this article. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Together we can continue to drive systemic change. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. (312) 263-1661 |info@feichicago.org|www.feichicago.org. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Allstate Insurance Company. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. 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. 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. You have entered an invalid ZIP. 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. 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? 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. What is your take on integrating sustainability into financial planning? 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 This report is not for commercial use. What is the salary of Mario Rizzo? 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. Mr Rizzo is 54, he's been the Exec. 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). It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Mario Rizzo is the Exec. Oops! Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Location data not available. 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 There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . Chicago CFO of the Year is a registered trademark of FEI Chicago. 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. They sold a total of 176,962 shares worth more than $23,587,115.41. He joined the company in 1989. 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. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. We have a powerful team that guides us to be bold, innovative and collaborative. Thorough reviews have been conducted to assure this data accurately reflects disclosures. The Allstate Corporation Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. Learn More on Allstate's active insiders. What is the salary of Mario Rizzo? 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. 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. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. 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. "Allstate brand implemented auto rate increases totaled $240. Coronavirus Tips Working and Protection. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Do it. 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. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. You have entered an invalid ZIP. VP & CFO at Allstate Corp. As the Exec. Learn More about Mario Rizzo's net worth. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. Chart Data in Insider Trading History Table. Your update should be done soon. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. This information is according to proxy statements filed for the 2021 fiscal year. Another thing differentiating Allstate is the breadth of our products. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. You may also find the annual proxy statement by going directly to the company's website. 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. 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. Please enter zip code. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. 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. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. document.write(new Date().getFullYear()); Allstate Insurance Company. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. As the Exec. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. VP & CFO of Allstate Corp since . Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. Insiders at Allstate own 1.8% of the company. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 2023 Financial Executives International (FEI) Chicago. Lisa Wicka. 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. 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. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. What is Mario Rizzo's salary? 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. Learn More about insider trades at Allstate. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. 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. He has held key leadership positions at the company since 1995, including all major operating units. Its a complicated issue that requires a comprehensive approach for success. We owe it to our customers to offer them industry-leading products at affordable prices. 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. Please enter zip code. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. document.write(new Date().getFullYear()); Allstate Insurance Company. 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. 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? VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Learn More on Mario Rizzo's trading history. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Allstate CFO Mario Rizzo. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. The information shown here is a reporting of information included in the company's proxy statement. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. It's taking a bit longer than expected. Location data not available. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. 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. 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. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. But the good news is, if China invades Taiwan, there is a way to protect yourself. This represents a 50% increase from the . VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. The information shown here is a reporting of information included in the company's proxy statement. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. 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. You may also find the annual proxy statement by going directly to the company's website. These products are marketed under the Allstate, Encompass and Esurance brand names. There are 21 older and 8 younger executives at Allstate Corp. All Rights Reserved. Information on this page was last updated on 2/22/2023. 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. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. President, Property-Liability
"Mario Rizzo, president of Allstate Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. Your update should be done soon. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace.