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 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. What is the salary of Mario Rizzo? (312) 263-1661 |info@feichicago.org|www.feichicago.org. 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. Please. 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 $75,000 Worth of Tools and Subscriptions to Collision Repair Schools Through CREF, Take the Collision Repair Business Conditions Survey. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. The information shown here is a reporting of information included in the company's proxy statement. Learn More about Mario Rizzo's net worth. View Mario Rizzo's colleagues in Allstate Employee Directory. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . 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. 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. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Its the most important work we do and its who we are as a company. For other finance leaders out there, I just want to say: think big. Insiders at Allstate own 1.8% of the company. Please enter zip code. 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. Last updated: 1 March 2023 at 11:00am EST. Owner. Learn More on Mario Rizzo's trading history. What else does Allstates finance leadership do to promote DE&I? Jess Merten will assume the Chief. 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 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.). There are 9 executives at Allstate Corp getting paid more, with ThomasWilson 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 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 do I contact Mario Rizzo? He is also a certified public accountant. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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. 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. Learn More on Mario Rizzo's trading history. Your update should be done soon. VP & CFO at Allstate Corp. As the Exec. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. Mario Rizzo is the Exec. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. Please try again. He is on the board of directors of St. Laurence High School in Burbank, Illinois. 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. We owe it to our customers to offer them industry-leading products at affordable prices. ( bit.ly/2qpn7uh ) You may also find the annual proxy statement by going directly to the company's website. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. 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. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Together we're building the future of protection. It had never been done before, so we didnt know if it could be done. 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 . 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. Location data not available. Please try again. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Allstate has 54,300 employees. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. 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. 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. On average, Mario trades about 3,291 units every 90 days since 2018. 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. 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. 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 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. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Location data not available. Opinions expressed by Forbes Contributors are their own. Information on this page was last updated on 2/22/2023. These products are marketed under the Allstate, Encompass and Esurance brand names. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Financial Executives International (FEI) is the premier association for CFOs and other. There are 24 older and 6 younger executives at Allstate Corp. This report is not for commercial use. 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. 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. Its a complicated issue that requires a comprehensive approach for success. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. The information shown here is a reporting of information included in the company's proxy statement. You have entered an invalid ZIP. 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). During the last year, insiders at the insurance provider sold shares 3 times. Shapiro joined Allstate as chief claims officer in 2016 . . Your update should be done soon. Another thing differentiating Allstate is the breadth of our products. senior financial executives in the United States and Canada. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. He will become President, Property-Liability, on Sept. 1. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Learn More on Mario Rizzo's contact information. 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. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. 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. It's taking a bit longer than expected. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. Coronavirus Tips Working and Protection. He is also a Certified Public Accountant. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. As the Exec. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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 CFO Mario Rizzo. Oops! Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Learn More on Allstate's active insiders. 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). 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. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. BREAKING: Tiny biotech successfully treats blindness. He joined the company in 1989. Learn More about insider trades at Allstate. All proxy statements are public filings made available to the general public by the SEC. What is your take on integrating sustainability into financial planning? The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Chicago CFO of the Year is a registered trademark of FEI Chicago. Last updated: 21 February 2023 at 5:57pm EST. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . 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). Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Nathan Ellsworth. 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. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. We have a powerful team that guides us to be bold, innovative and collaborative. 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. Phone Email. The insurer also promoted Shebik as vice chairman. Salaries posted anonymously by Allstate employees. 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. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. We offer a lot beyond typical auto and home insurance. 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.). What is the salary of Mario Rizzo? Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. Rizzo has held numerous senior roles at Allstate during his 33 years with the company, most recently as executive vice president and chief financial officer of The Allstate Corporation and Allstate Insurance Company. All proxy statements are public filings made available to the general public by the SEC. Mr Rizzo is 54, he's been the Exec. This article has been edited and condensed. 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. Executive Vice President and Chief Financial Officer. Lisa Wicka. Learn More on Allstate's active insiders. "Allstate brand implemented auto rate increases totaled $240. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. 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 is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. But our solution set is much broader than just reinsurance. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Mario Rizzo is the Exec. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. The Cor. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. 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. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance.
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