He will become President, Property-Liability, on Sept. 1. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Jess Merten will assume the Chief Financial Officer role, leveraging his broad The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. The Cor. Learn More on Mario Rizzo's trading history. Oops! While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. All Rights Reserved. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. 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 Chart Data in Insider Trading History Table. Please enter zip code. Learn More on Mario Rizzo's contact information. 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You have entered an invalid ZIP. 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. He is also a Certified Public Accountant. 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. We can help protect your phone, your appliances and electronics, and your identity. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. 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. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. 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. The information shown here is a reporting of information included in the company's proxy statement. 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. Learn More on Mario Rizzo's trading history. Mario Rizzo Glenn T. Shapiro Thomas J. Wilson BASE PAY $1,378,943 BONUS + INCENTIVE COMP $6,286,039 TOTAL CASH COMPENSATION $7,664,982 STOCK AWARD VALUE $6,335,804 OPTION AWARD VALUE $4,304,994 TOTAL EQUITY $10,640,798 TOTAL OTHER $63,211 TOTAL COMPENSATION $18,368,991 CEO Pay Ratio The 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. We used a syndicate made up of only minority-, women- and veteran-owned financial firms to execute a $1.2 billion bond offering the largest corporate debt offering ever led by only diverse firms. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Enter your email address below to get our daily insider buying and selling report. Nathan Ellsworth. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Allstate Corp executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. He has held key leadership positions at the company since 1995, including all major operating units. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. There are 24 older and 6 younger executives at Allstate Corp. 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. 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. 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. 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. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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. 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. 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. During the last year, insiders at the insurance provider sold shares 3 times. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. ( bit.ly/2qpn7uh ) . For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Allstate Insurance Company. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. He is on the board of directors of St. Laurence High School in Burbank, Illinois. 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. The information shown here is a reporting of information included in the company's proxy statement. But our solution set is much broader than just reinsurance. It's taking a bit longer than expected. 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. 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. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. He joined the company in 1989. What is Mario Rizzo's salary? 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. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. All proxy statements are public filings made available to the general public by the SEC. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. Mario Rizzo is the Exec. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. What is the salary of Mario Rizzo? Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. He is also a certified public accountant. Salaries posted anonymously by Allstate employees. 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 Allstate Corporation For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. BREAKING: Tiny biotech successfully treats blindness. 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. They sold a total of 176,962 shares worth more than $23,587,115.41. Get notified the next time Mario Rizzo buys or sells Allstate stock. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. The insurer also promoted Shebik as vice chairman. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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 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. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. Please try again. Learn More about Mario Rizzo's net worth. 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. The Allstate Corporation protects people from life's uncertainties with a wide array of protection for autos, homes, electronic devices and identity theft with more than 172 million policies in force. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. 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. 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. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. View Mario Rizzo's colleagues in Allstate Employee Directory. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . This report is not for commercial use. 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. Another thing differentiating Allstate is the breadth of our products. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. We offer a lot beyond typical auto and home insurance. 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. 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. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. 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. Please enter zip code. 2023 Financial Executives International (FEI) Chicago. We have a powerful team that guides us to be bold, innovative and collaborative. Phone Email. You may also find the annual proxy statement by going directly to the company's website. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . What is the salary of Mario Rizzo? This report is not for commercial use. 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 Rizzo President, Property-Liability Steve Sorenson Executive Vice President, Corporate Business Transformation Bob Toohey Executive Vice President, Chief Human Resources Officer Terrance Williams Executive Vice President and President, Protection Products and Services Meet our board You have entered an invalid ZIP. There are 21 older and 8 younger executives at Allstate Corp. 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. 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). Please. Owner. Last updated: 1 March 2023 at 11:00am EST. 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. Learn More on Allstate's active insiders. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. As the Exec. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Financial Executives International (FEI) is the premier association for CFOs and other. Log in, Subscribers need to be logged in to see rest of this article. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. You may also find the annual proxy statement by going directly to the company's website. 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. 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). . How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. 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. 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. 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 . 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 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. Please try again. document.write(new Date().getFullYear()); Allstate Insurance Company. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Coronavirus Tips Working and Protection. Opinions expressed by Forbes Contributors are their own. senior financial executives in the United States and Canada. 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 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. This article has been edited and condensed. 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 "Allstate brand implemented auto rate increases totaled $240. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. VP & CFO of Allstate Corp since . (312) 263-1661 |info@feichicago.org|www.feichicago.org. 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.