Board of Directors in ALLSTATE CORP 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: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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? The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. But our solution set is much broader than just reinsurance. President, Property-Liability 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 How do I contact Mario Rizzo? Thorough reviews have been conducted to assure this data accurately reflects disclosures. On average, Mario trades about 3,291 units every 90 days since 2018. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. 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. What is the salary of Mario Rizzo? What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. The Allstate Corporation 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. 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. This report is not for commercial use. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Location data not available. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. "Mario Rizzo, president of Allstate 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. 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. . Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. 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 Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. This report is not for commercial use. Its the most important work we do and its who we are as a company. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. This information is according to proxy statements filed for the 2021 fiscal year. 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. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. What is Mario Rizzo's salary? Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. 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. document.write(new Date().getFullYear()); Allstate Insurance Company. 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. He will become President, Property-Liability, on Sept. 1. 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. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. 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 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). 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. 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. But the good news is, if China invades Taiwan, there is a way to protect yourself. document.write(new Date().getFullYear()); Allstate Insurance Company. Learn More on Mario Rizzo's trading history. 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. 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. View Mario Rizzo's colleagues in Allstate Employee Directory. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. Phone Email. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Executive Vice President and Chief Financial Officer. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. Chicago CFO of the Year is a registered trademark of FEI Chicago. Get notified the next time Mario Rizzo buys or sells Allstate stock. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. They sold a total of 176,962 shares worth more than $23,587,115.41. 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All Rights Reserved. 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. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Opinions expressed by Forbes Contributors are their own. 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. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. 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. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. What is the salary of Mario Rizzo? Allstate has 54,300 employees. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Learn More about Mario Rizzo's net worth. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. senior financial executives in the United States and Canada. Please enter zip code. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. 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. 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). Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Oops! VP & CFO of Allstate Corp since . Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. We offer a lot beyond typical auto and home insurance. This represents a 50% increase from the . Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. VP & CFO at Allstate Corp. As the Exec. What else does Allstates finance leadership do to promote DE&I? He is also a Certified Public Accountant. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Learn More on Mario Rizzo's salary. 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. Last updated: 1 March 2023 at 11:00am EST. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. Allstate Insurance Company. . Owner. Learn More on Mario Rizzo's contact information. 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. Please try again. 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. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. There are 21 older and 8 younger executives at Allstate Corp. Information on this page was last updated on 2/22/2023. 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). ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Its a complicated issue that requires a comprehensive approach for success. 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 $5,500,995 Q While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. Insiders at Allstate own 1.8% of the company. 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. 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.). Financial Executives International (FEI) is the premier association for CFOs and other. This article has been edited and condensed. Learn More on Mario Rizzo's trading history. It's taking a bit longer than expected. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. 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. 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. For other finance leaders out there, I just want to say: think big. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension 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. Your update should be done soon. Allstate. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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 You have entered an invalid ZIP. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. BREAKING: Tiny biotech successfully treats blindness. Location data not available. 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 became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. 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.). Do it. 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. The charts on this page feature a breakdown of the total annual pay for the top executives at ALLSTATE CORP as reported in their proxy statements. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. 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 estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. 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. There are 5 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. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? 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. 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 enter zip code. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. He is on the board of directors of St. Laurence High School in Burbank, Illinois. Chart Data in Insider Trading History Table. 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. 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. 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. Allstate's CFO says staying ahead of the curve is.
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