VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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. But our solution set is much broader than just reinsurance. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. 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. Learn More about Mario Rizzo's net worth. This article has been edited and condensed. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. 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. 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. Opinions expressed by Forbes Contributors are their own. 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). As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. All proxy statements are public filings made available to the general public by the SEC. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Please try again. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. He has held key leadership positions at the company since 1995, including all major operating units. 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's Leadership Depth Provides Strategic and Operational What else does Allstates finance leadership do to promote DE&I? 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). senior financial executives in the United States and Canada. Mario Rizzo - FEI Chicago Chapter 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. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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 2023 Financial Executives International (FEI) Chicago. 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 strategy with strategic acquisitions. 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. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. 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). 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: Its true that price is a significant differentiator and a key to driving customer satisfaction. "Mario Rizzo, president of 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. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. 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 We have a powerful team that guides us to be bold, innovative and collaborative. View Mario Rizzo's colleagues in Allstate Employee Directory. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. You have entered an invalid ZIP. 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 also a Certified Public Accountant. 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. Last updated: 1 March 2023 at 11:00am EST. Its a complicated issue that requires a comprehensive approach for success. 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. ALLSTATE CORP Executive Salaries & Other Compensation | Salary.com Allstate Selects Only Diverse Investment Banks For $1.2 Billion Bond Deal 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. "Allstate brand implemented auto rate increases totaled $240. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Insiders at Allstate own 1.8% of the company. Mario Rizzo | Allstate Corporation 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. You may also find the annual proxy statement by going directly to the company's website. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . The Allstate Corporation 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. Chart Data in Insider Trading History Table. Mario Rizzo Net Worth (2022) | wallmine Shapiro joined Allstate as chief claims officer in 2016 . Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. This report is not for commercial use. As the Exec. President, Property-Liability What is Mario Rizzo's salary? 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. 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 Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. 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. 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. 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 . While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. He is on the board of directors of St. Laurence High School in Burbank, Illinois. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Learn More on Allstate's active insiders. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. We can help protect your phone, your appliances and electronics, and your identity. Get notified the next time Mario Rizzo buys or sells Allstate stock. Your update should be done soon. All Rights Reserved. On average, Mario trades about 3,291 units every 90 days since 2018. Mario Rizzo is the Exec. 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. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. It was reported that Property-Liability earned premium of $10.9bn increased 8.6% in the second quarter of 2022 compared to the prior year quarter, which was driven primarily by higher average premiums and policies in force growth. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . You have entered an invalid ZIP. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. 100+ "Mario Rizzo" profiles | LinkedIn Allstate's Leadership Depth Provides Strategic and Operational He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Please try again. Russia's war on Ukraine latest: Putin casts war as battle for nation's survival, India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom, ZIONS BANCORPORATION, NATIONAL ASSOCIATION, Transcript : The Allstate Corporation, Q4 2022 Earnings Call, Feb 02, 2023, Transcript : The Allstate Corporation - Special Call, Allstate Names Jess Merten as Chief Financial Officer, The Allstate Corporation Announces CFO Changes, The Allstate Corporation Announces Executive Changes, Allstate Reports $223 million in July Catastrophe Losses, Raises Rates, Transcript : The Allstate Corporation, Q2 2022 Earnings Call, Aug 04, 2022. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. document.write(new Date().getFullYear()); Allstate Insurance Company. Learn More on Mario Rizzo's contact information. Thomas J. Wilson - Salary.com 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. Allstate Announces Senior Leadership Changes 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? Allstate: $307M in January Cat Losses and Keeps the Auto Rate Hikes Coming 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. What is your take on integrating sustainability into financial planning? Molly Wilson on LinkedIn: Allstate's Plan to Return to Profit in Auto Mario Rizzo Net Worth (2022) | wallmine 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. 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. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. Allstate's CFO On Driving Change: 'Think Big And Do It!' - Forbes Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. Your update should be done soon. Allstate Increases Quarterly Dividend by 50% Mario Rizzo President, Property-Liability Steve Sorenson Executive Vice President, Corporate Business Transformation Bob Toohey Executive Vice President, Chief Human Resources Officer Terrance Williams Executive Vice President and President, Protection Products and Services Meet our board You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . Please enter zip code. Learn More on Mario Rizzo's trading history. He will become President, Property-Liability, on Sept. 1. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Mario Rizzo Net Worth (2023) | wallmine CA 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Lisa Wicka. 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. VP & CFO at Allstate Corp. As the Exec. Log in, Subscribers need to be logged in to see rest of this article. Jess Merten will assume the Chief. Mario Rizzo Biography and Net Worth - InsiderTrades
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