mario rizzo allstate salary

VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Get notified the next time Mario Rizzo buys or sells Allstate stock. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Allstate: $307M in January Cat Losses and Keeps the Auto Rate Hikes Coming He is on the board of directors of St. Laurence High School in Burbank, Illinois. 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. We can help protect your phone, your appliances and electronics, and your identity. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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). Owner. All proxy statements are public filings made available to the general public by the SEC. It's taking a bit longer than expected. Information on this page was last updated on 2/22/2023. Your update should be done soon. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. Allstate's Leadership Depth Provides Strategic and Operational Mario Rizzo Net Worth (2023) | wallmine Mario Rizzo Email & Phone Number - Allstate | ZoomInfo Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. 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. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. The information shown here is a reporting of information included in the company's proxy statement. Compensation Information for Mario Rizzo, Executive Vice - Salary 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. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. All proxy statements are public filings made available to the general public by the SEC. . Mario Rizzo is the Exec. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Insiders at Allstate own 1.8% of the company. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. 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 Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. The insurer also promoted Shebik as vice chairman. He has held key leadership positions at the company since 1995, including all major operating units. Your update should be done soon. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. . Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. Learn More about Mario Rizzo's net worth. Mario Rizzo Net Worth (2023) | wallmine CA You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. What is Mario Rizzo's salary? But our solution set is much broader than just reinsurance. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. Oops! Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Its the most important work we do and its who we are as a company. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. The Allstate Corporation He is also a certified public accountant. ( bit.ly/2qpn7uh ) Please enter zip code. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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 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. 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. Chart Data in Insider Trading History Table. Allstate's Leadership Depth Provides Strategic and Operational Continuity 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. 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 - FEI Chicago Chapter 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. 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. These products are marketed under the Allstate, Encompass and Esurance brand names. VP & CFO of Allstate Corp since . Together we're building the future of protection. 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. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. President, Property-Liability Mario Rizzo is the Exec. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. Log in, Subscribers need to be logged in to see rest of this article. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. Mario Rizzo - Biography 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 Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. Allstate has 54,300 employees. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. This information is according to proxy statements filed for the 2021 fiscal year. Jess Merten will assume the Chief Financial Officer role, leveraging his broad "Mario Rizzo, president of Allstate document.write(new Date().getFullYear()); Allstate Insurance Company. 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 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. document.write(new Date().getFullYear()); Allstate Insurance Company. 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 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. It's taking a bit longer than expected. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. 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. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . senior financial executives in the United States and Canada. 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. Shapiro joined Allstate as chief claims officer in 2016 . 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. As the Exec. 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(312) 263-1661 |info@feichicago.org|www.feichicago.org. 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.). VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. ALLSTATE CORP Executive Salaries & Other Compensation | Salary.com He joined the company in 1989. 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. You have entered an invalid ZIP. Financial Executives International (FEI) is the premier association for CFOs and other. Allstate's CFO On Driving Change: 'Think Big And Do It!' - Forbes As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. There are 24 older and 6 younger executives at Allstate Corp. Thomas J. Wilson - Salary.com View Mario Rizzo's colleagues in Allstate Employee Directory. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Allstate Increases Quarterly Dividend by 50% The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. 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. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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. 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 CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. You may also find the annual proxy statement by going directly to the company's website. Allstate's Leadership Depth Provides Strategic and Operational Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. Another thing differentiating Allstate is the breadth of our products. 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. 2023 Financial Executives International (FEI) Chicago. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. 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. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. Together we can continue to drive systemic change. Please. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. Oops! 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. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Mario Rizzo Net Worth (2022) | wallmine As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. 100+ "Mario Rizzo" profiles | LinkedIn Please try again. There are 21 older and 8 younger executives at Allstate Corp. During the last year, insiders at the insurance provider sold shares 3 times. Risk avoidance is the name of the game in insurance. We owe it to our customers to offer them industry-leading products at affordable prices. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Jess Merten will assume the Chief. 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 is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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. This represents a 50% increase from the . Its a complicated issue that requires a comprehensive approach for success. 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: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Allstate names Rizzo to succeed Shapiro as president of property-liability "Allstate brand implemented auto rate increases totaled $240. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. We used a syndicate made up of only minority-, women- and veteran-owned financial firms to execute a $1.2 billion bond offering the largest corporate debt offering ever led by only diverse firms. Molly Wilson on LinkedIn: Allstate's Plan to Return to Profit in Auto Prior to becoming CFO in 2018, Rizzo served as Chief Financial Officer of Allstate Personal Lines (APL), where he was responsible for its comprehensive financial planning and analytics. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. All Rights Reserved. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. This report is not for commercial use. Please try again. It was reported that Property-Liability earned premium of $10.9bn increased 8.6% in the second quarter of 2022 compared to the prior year quarter, which was driven primarily by higher average premiums and policies in force growth. Allstate shakes up its leadership - Reinsurance News This article has been edited and condensed. 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. 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. Mr Rizzo is 54, he's been the Exec. 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? 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. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. Phone Email. 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. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. Coronavirus Tips Working and Protection. Do it. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Thorough reviews have been conducted to assure this data accurately reflects disclosures. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Learn More on Mario Rizzo's contact information. Location data not available. This report is not for commercial use. 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. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. Last updated: 21 February 2023 at 5:57pm EST. We are in the business of taking risk and generating adequate returns on those risks, and we have been managing the impacts of climate change in our homeowners business for many years. The information shown here is a reporting of information included in the company's proxy statement. You may also find the annual proxy statement by going directly to the company's website. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Lisa Wicka. 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). How Much Does Allstate Pay in 2023? (11,583 Salaries) 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. Chicago CFO of the Year is a registered trademark of FEI Chicago. For other finance leaders out there, I just want to say: think big. What is the salary of Mario Rizzo? 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 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). Opinions expressed by Forbes Contributors are their own. Mario Rizzo, Allstate CFO, interviews Sidney Dillard during The - Loop Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. Learn More on Allstate's active insiders. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. Mario Rizzo - Executive Vice President and Chief Financial Officer

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