What is Mario Rizzo's salary? Owner. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. 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. Allstate Insurance Company. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. 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. Please. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Learn More on Mario Rizzo's trading history. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. VP & CFO at Allstate Corp. As the Exec. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. 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 Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Please try again. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. 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. The information shown here is a reporting of information included in the company's proxy statement. All proxy statements are public filings made available to the general public by the SEC. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. ( bit.ly/2qpn7uh ) . Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. Please try again. Coronavirus Tips Working and Protection. Chicago CFO of the Year is a registered trademark of FEI Chicago. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. They sold a total of 176,962 shares worth more than $23,587,115.41. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. Oops! Its a complicated issue that requires a comprehensive approach for success. Jess Merten will assume the Chief. You have entered an invalid ZIP. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. 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. The insurer also promoted Shebik as vice chairman. 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. 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. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. This article has been edited and condensed. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. President, Property-Liability But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. He is on the board of directors of St. Laurence High School in Burbank, Illinois. What is the salary of Mario Rizzo? He joined the company in 1989. 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. These products are marketed under the Allstate, Encompass and Esurance brand names. 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. Please enter zip code. What is your take on integrating sustainability into financial planning? 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 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. You may also find the annual proxy statement by going directly to the company's website. 2023 Financial Executives International (FEI) Chicago. Nathan Ellsworth. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Risk avoidance is the name of the game in insurance. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. He is also a Certified Public Accountant. 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.). He is also a certified public accountant. We offer a lot beyond typical auto and home insurance. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. 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. 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). Last updated: 1 March 2023 at 11:00am EST. We can help protect your phone, your appliances and electronics, and your identity. 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. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Learn More on Allstate's active insiders. Financial Executives International (FEI) is the premier association for CFOs and other. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. All Rights Reserved. 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? All Rights Reserved. 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. 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. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. 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. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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.). The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Location data not available. There are 24 older and 6 younger executives at Allstate Corp. Your update should be done soon. 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. The Cor. 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. Shapiro joined Allstate as chief claims officer in 2016 . 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. 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. 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. 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). This report is not for commercial use. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. 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 brand implemented auto rate increases totaled $240. 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It's taking a bit longer than expected. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. The Allstate Corporation 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. Together we can continue to drive systemic change. Information on this page was last updated on 2/22/2023. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Board of Directors in ALLSTATE CORP There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . Log in, Subscribers need to be logged in to see rest of this article. Learn More on Mario Rizzo's trading history. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. 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). 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. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. 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 $7,617,859 and over the last 4 years he sold ALL stock worth over $0. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Mario Rizzo is the Exec. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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. 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 . It's taking a bit longer than expected. 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's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. But our solution set is much broader than just reinsurance. Salaries posted anonymously by Allstate employees. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. This represents a 50% increase from the . During the last year, insiders at the insurance provider sold shares 3 times. 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. Chart Data in Insider Trading History Table. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. 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. Do it. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. There are 21 older and 8 younger executives at Allstate Corp. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. "Mario Rizzo, president of Allstate Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. What else does Allstates finance leadership do to promote DE&I? For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. . 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. 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. For other finance leaders out there, I just want to say: think big. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. document.write(new Date().getFullYear()); Allstate Insurance Company. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Together we're building the future of protection. All proxy statements are public filings made available to the general public by 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. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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 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 is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Last updated: 21 February 2023 at 5:57pm EST. 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 As the Chief Financial Officer and Executive Vice President of Allstate Corp, the total compensation of Mario Rizzo at Allstate Corp is $4,426,140. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . How do I contact Mario Rizzo? The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. Learn More on Mario Rizzo's salary. Opinions expressed by Forbes Contributors are their own. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. Learn More on Allstate's active insiders. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. Learn More about Mario Rizzo's net worth. We owe it to our customers to offer them industry-leading products at affordable prices. Mr Rizzo is 54, he's been the Exec. Allstate has 54,300 employees. document.write(new Date().getFullYear()); Allstate Insurance Company. View Mario Rizzo's colleagues in Allstate Employee Directory. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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). The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. Please enter zip code. 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. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. The information shown here is a reporting of information included in the company's proxy statement. 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. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. Location data not available. Oops! 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. 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. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. 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. Phone Email. Its the most important work we do and its who we are as a company. 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. Allstate CFO Mario Rizzo. You have entered an invalid ZIP. Another thing differentiating Allstate is the breadth of our products. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Your update should be done soon. Mario Rizzo is the Exec. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. 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. 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. 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).
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