The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. BREAKING: Tiny biotech successfully treats blindness. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. Log in, Subscribers need to be logged in to see rest of this article. Our finance team is accountable for contributing to Allstates success by living into our goals, but we also have unique opportunities to further drive DE&I success. All Rights Reserved. You have entered an invalid ZIP. All proxy statements are public filings made available to the general public by the SEC. Financial Executives International (FEI) is the premier association for CFOs and other. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. We have modified underwriting, redesigned our homeowners product to better match price with risk and created an internal brokerage to provide customers alternatives for coverage. VP & CFO of Allstate Corp since . Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Learn More on Mario Rizzo's trading history. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Allstate. Jess Merten will assume the Chief. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. 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. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. senior financial executives in the United States and Canada. 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. You may also find the annual proxy statement by going directly to the company's website. 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. Location data not available. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. View Mario Rizzo's colleagues in Allstate Employee Directory. 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. Please try again. This was something I learned when I recently spoke with Mario Rizzo, CFO 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. Learn More on Mario Rizzo's contact information. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Your update should be done soon. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. He joined the company in 1989. 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). 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 For other finance leaders out there, I just want to say: think big. Chart Data in Insider Trading History Table. 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.). Board of Directors in ALLSTATE CORP He is also a Certified Public Accountant. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. There are 21 older and 8 younger executives at Allstate Corp. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. 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 . How do I contact Mario Rizzo? Nathan Ellsworth. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. 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 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. Executive Vice President and Chief Financial Officer. This article has been edited and condensed. Thorough reviews have been conducted to assure this data accurately reflects disclosures. It's taking a bit longer than expected. 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 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. Owner. 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. You may also find the annual proxy statement by going directly to the company's website. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Last updated: 1 March 2023 at 11:00am EST. VP & CFO at Allstate Corp. As the Exec. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. Learn More on Allstate's active insiders. Learn More on Mario Rizzo's salary. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. 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. 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. Risk avoidance is the name of the game in insurance. 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 will become President, Property-Liability, on Sept. 1. 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. It had never been done before, so we didnt know if it could be done. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. This represents a 50% increase from the . Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. Please. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? 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. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . 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 can help protect your phone, your appliances and electronics, and your identity. 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). Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 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. 2023 Financial Executives International (FEI) Chicago. All Rights Reserved. Allstate Insurance Company. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. We offer a lot beyond typical auto and home insurance. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. What is the salary of Mario Rizzo? 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. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Allstate CFO Mario Rizzo. Learn More on Mario Rizzo's trading history. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. What else does Allstates finance leadership do to promote DE&I? The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. 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. 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 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. 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. Enter your email address below to get our daily insider buying and selling report. Allstate has 54,300 employees. 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. 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 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 The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad He has held key leadership positions at the company since 1995, including all major operating units. 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. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. Lisa Wicka. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? 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. Information on this page was last updated on 2/22/2023. 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. What is Mario Rizzo's salary? While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. 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).