However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Enter your email address below to get our daily insider buying and selling report. 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 corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Glenn T. Shapiro - Salary.com 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. View Mario Rizzo's colleagues in Allstate Employee Directory. 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. Log in, Subscribers need to be logged in to see rest of this article. Insiders at Allstate own 1.8% of the company. 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. Learn More on Mario Rizzo's trading history. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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: $307M in January Cat Losses and Keeps the Auto Rate Hikes Coming Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. Allstate Announces Senior Leadership Changes There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. 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 Mario Rizzo's trading history. 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Mario Rizzo Net Worth (2023) | wallmine 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. Its the most important work we do and its who we are as a company. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. As the Exec. Phone Email. Mario Rizzo is the Exec. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. The insurer also promoted Shebik as vice chairman. You have entered an invalid ZIP. You have entered an invalid ZIP. 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. He joined the company in 1989. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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 Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. Nathan Ellsworth. "Mario Rizzo, president of Allstate Your update should be done soon. 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. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. 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.). All proxy statements are public filings made available to the general public by the SEC. All proxy statements are public filings made available to the general public by the SEC. Allstate's CFO On Driving Change: 'Think Big And Do It!' - Forbes Do it. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. There are 21 older and 8 younger executives at Allstate Corp. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. Risk avoidance is the name of the game in insurance. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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. You may also find the annual proxy statement by going directly to the company's website. 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. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. 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. Please try again. 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. Mario Rizzo Biography and Net Worth - InsiderTrades Chicago CFO of the Year is a registered trademark of FEI Chicago. What is the salary of Mario Rizzo? For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. "Allstate brand implemented auto rate increases totaled $240. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. Lisa Wicka. Please try again. 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 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 He is also a certified public accountant. It's taking a bit longer than expected. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. . This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. 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 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. 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. Mario Rizzo - Executive Vice President and Chief Financial Officer 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 has 54,300 employees. 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. He will become President, Property-Liability, on Sept. 1. Allstate's Leadership Depth Provides Strategic and Operational Continuity 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 Shapiro joined Allstate as chief claims officer in 2016 . Together we can continue to drive systemic change. Compensation Information for Mario Rizzo, Executive Vice - Salary 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. Molly Wilson on LinkedIn: Allstate's Plan to Return to Profit in Auto This article has been edited and condensed. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. 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. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . Mr Rizzo is 54, he's been the Exec. Allstate Insurance Company. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. He is also on the board of Allstate Life Insurance Co., Uhlich Children's Advantage Network, National General Holdings Corp. and Allstate Global Holdings Ltd. Opinions expressed by Forbes Contributors are their own. Mario Rizzo Net Worth (2023) | wallmine CA Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. Mario Rizzo Net Worth (2022) | wallmine Owner. MOVES-Insurer Allstate names Mario Rizzo as new CFO | Reuters Another thing differentiating Allstate is the breadth of our products. 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 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. 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. 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. Please enter zip code. Mario Rizzo Named to Succeed Retiring Glenn Shapiro as President of For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. document.write(new Date().getFullYear()); Allstate Insurance Company. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. There are 24 older and 6 younger executives at Allstate Corp. Last updated: 21 February 2023 at 5:57pm EST. Mario Rizzo | Allstate Corporation This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. Financial Executives International (FEI) is the premier association for CFOs and other. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 100+ "Mario Rizzo" profiles | LinkedIn Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Please enter zip code. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. But our solution set is much broader than just reinsurance. As the Chief Financial Officer and Executive Vice President of Allstate Corp, the total compensation of Mario Rizzo at Allstate Corp is $4,426,140. Mario Rizzo Net Worth (2023) | wallmine Learn More about insider trades at Allstate. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Learn More on Mario Rizzo's contact information. Allstate CFO Mario Rizzo. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. Learn More on Allstate's active insiders. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. 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. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. ( bit.ly/2qpn7uh ) On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. It's taking a bit longer than expected. (312) 263-1661 |info@feichicago.org|www.feichicago.org. 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 . Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Jess Merten will assume the Chief Financial Officer role, leveraging his broad But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Allstate's CFO says staying ahead of the curve is. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? What is the salary of Mario Rizzo? Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. 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 Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. document.write(new Date().getFullYear()); Allstate Insurance Company. Allstate Leadership | Allstate Corporation How Much Does Allstate Pay in 2023? (11,583 Salaries) ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. BREAKING: Tiny biotech successfully treats blindness. 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. Its a complicated issue that requires a comprehensive approach for success. All Rights Reserved. But the good news is, if China invades Taiwan, there is a way to protect yourself. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. 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.