Together we're building the future of protection. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. ( bit.ly/2qpn7uh ) For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. President, Property-Liability There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. 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. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. This represents a 50% increase from the . Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Allstate. 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 . Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. 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. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. 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. Together we can continue to drive systemic change. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Learn More on Allstate's active insiders. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. What is Mario Rizzo's salary? "Allstate brand implemented auto rate increases totaled $240. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Allstate's CFO says staying ahead of the curve is. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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. 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. 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. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. document.write(new Date().getFullYear()); Allstate Insurance Company. Mario Rizzo is the Exec. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. 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. 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. We have a powerful team that guides us to be bold, innovative and collaborative. "Mario Rizzo, president of Allstate What else does Allstates finance leadership do to promote DE&I? 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. He has held key leadership positions at the company since 1995, including all major operating units. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. We can help protect your phone, your appliances and electronics, and your identity. Chart Data in Insider Trading History Table. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. 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. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. 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. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. The chart on this page features a breakdown of the total annual pay for Mario Rizzo, Executive Vice President and Chief Financial Officer at ALLSTATE CORP as reported in their proxy statements. 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. 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 is the Exec. Last updated: 21 February 2023 at 5:57pm EST. BREAKING: Tiny biotech successfully treats blindness. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. He is on the board of directors of St. Laurence High School in Burbank, Illinois. Risk avoidance is the name of the game in insurance. 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? Shapiro joined Allstate as chief claims officer in 2016 . Learn More on Mario Rizzo's salary. It's taking a bit longer than expected. 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. 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. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? Oops! We offer a lot beyond typical auto and home insurance. Learn More on Mario Rizzo's trading history. All Rights Reserved. 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. 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. There are 24 older and 6 younger executives at Allstate Corp. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. We owe it to our customers to offer them industry-leading products at affordable prices. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . 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. Allstate Corp executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Mario Rizzo Age : 55 Public asset : 7,246,735 USD Country of residence : Unknown Biography of Mario Rizzo Mario Rizzo occupies the position of Chief Financial Officer & Executive Vice President for The Allstate Corp. and Chief Financial Officer & Executive Vice President of Allstate Insurance Co. (a subsidiary of The Allstate Corp.). 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). Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. 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. 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. 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 It's taking a bit longer than expected. 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. 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. Insiders at Allstate own 1.8% of the company. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. 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.'. Oops! 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. 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. 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. This report is not for commercial use. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Phone Email. Coronavirus Tips Working and Protection. Its a complicated issue that requires a comprehensive approach for success. Please. Allstate CFO Mario Rizzo. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. 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 Jess Merten will assume the Chief Financial Officer role, leveraging his broad All Rights Reserved. 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. On average, Mario trades about 3,291 units every 90 days since 2018. But our solution set is much broader than just reinsurance. 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. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. VP & CFO of Allstate Corp since . Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. He is also a certified public accountant. 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 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 . For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. We used a syndicate made up of only minority-, women- and veteran-owned financial firms to execute a $1.2 billion bond offering the largest corporate debt offering ever led by only diverse firms. What is the salary of Mario Rizzo? Weve made great progress on our cost structure over the past several years, and our finance team has partnered with our business areas to identify and act on cost reduction opportunities. You may also find the annual proxy statement by going directly to the company's website. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. He joined the company in 1989. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . 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 was named president, Property-Liability, at Allstate effective September 1. The information shown here is a reporting of information included in the company's proxy statement. 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. Location data not available. 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. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. It had never been done before, so we didnt know if it could be done. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. All proxy statements are public filings made available to the general public by the SEC. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. (312) 263-1661 |info@feichicago.org|www.feichicago.org. This information is according to proxy statements filed for the 2021 fiscal year. Executive Vice President and Chief Financial Officer. We are in the business of taking risk and generating adequate returns on those risks, and we have been managing the impacts of climate change in our homeowners business for many years. You may also find the annual proxy statement by going directly to the company's website. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. document.write(new Date().getFullYear()); Allstate Insurance Company. Another thing differentiating Allstate is the breadth of our products. Learn More about Mario Rizzo's net worth. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. 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. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. 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. 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 Executive Vice President and Chief Financial Officer of The Allstate Corporation and Allstate Insurance Company, as well as a member of Allstates Operating Committee. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. This article has been edited and condensed. Board of Directors in ALLSTATE CORP 2023 Financial Executives International (FEI) Chicago. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. 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. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Lisa Wicka. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. View Mario Rizzo's colleagues in Allstate Employee Directory. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. 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. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. 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. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Please enter zip code. Please enter zip code. 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. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. 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. 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 has 54,300 employees. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Information on this page was last updated on 2/22/2023. 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.