Learn More about Mario Rizzo's net worth. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. 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. Its a complicated issue that requires a comprehensive approach for success. 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. President, Property-Liability
( bit.ly/2qpn7uh ) 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 most recent stock trade was executed by Jesse E Merten on 22 February 2023, trading 38,659 units of ALL stock currently worth $3,577,504. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. On average, Mario trades about 3,291 units every 90 days since 2018. Mario Rizzo is the Exec. This represents a 50% increase from the . Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. It's taking a bit longer than expected. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. All Rights Reserved. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? All proxy statements are public filings made available to the general public by the SEC. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? He is on the board of directors of St. Laurence High School in Burbank, Illinois. What is the salary of Mario Rizzo? 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Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Last updated: 1 March 2023 at 11:00am EST. It had never been done before, so we didnt know if it could be done. 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. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Phone Email. 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. 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. View Mario Rizzo's colleagues in Allstate Employee Directory. 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. 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. 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 shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. 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. Together we can continue to drive systemic change. 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 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.). Salaries posted anonymously by Allstate employees. How do I contact Mario Rizzo? Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. We can help protect your phone, your appliances and electronics, and your identity. Learn More on Allstate's active insiders. 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. 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 Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. 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). 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. Please try again. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. What is Mario Rizzo's salary? This report is not for commercial use. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. He joined the company in 1989. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. 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). The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. He has held key leadership positions at the company since 1995, including all major operating units. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Its the most important work we do and its who we are as a company. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. This information is according to proxy statements filed for the 2021 fiscal year. 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. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Learn More on Mario Rizzo's trading history. 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). Jess Merten will assume the Chief. Please. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. "Mario Rizzo, president of Allstate Please try again. Allstate. 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. What else does Allstates finance leadership do to promote DE&I? In November 2020 Allstate made DE&I history when it priced $1.2 billion of 5-year and 10-year senior notes through a syndicate exclusively comprised of minority-, women- and veteran-owned business enterprises (MWVBEs). Do it. You may also find the annual proxy statement by going directly to the company's website. Get notified the next time Mario Rizzo buys or sells Allstate stock. 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. For other finance leaders out there, I just want to say: think big. Please enter zip code. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Lisa Wicka. Allstate Insurance Company. (312) 263-1661 |info@feichicago.org|www.feichicago.org. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. 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. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. 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. 2023 Financial Executives International (FEI) Chicago. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. The insurer also promoted Shebik as vice chairman. 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 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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 Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. VP & CFO at Allstate Corp. As the Exec. 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. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. The information shown here is a reporting of information included in the company's proxy statement. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. 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. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Enter your email address below to get our daily insider buying and selling report. Risk avoidance is the name of the game in insurance. 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 All proxy statements are public filings made available to the general public by the SEC. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. . VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. document.write(new Date().getFullYear()); Allstate Insurance Company. Please enter zip code. Learn More on Mario Rizzo's contact information. Coronavirus Tips Working and Protection. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Log in, Subscribers need to be logged in to see rest of this article. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. 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. Board of Directors in ALLSTATE CORP 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 will become President, Property-Liability, on Sept. 1. 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. 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. 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. VP & CFO of Allstate Corp since . But the good news is, if China invades Taiwan, there is a way to protect yourself. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. 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. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. 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. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. 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's CFO says staying ahead of the curve is. BREAKING: Tiny biotech successfully treats blindness. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. There are 21 older and 8 younger executives at Allstate Corp. 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. Executive Vice President and Chief Financial Officer. Allstate CFO Mario Rizzo. document.write(new Date().getFullYear()); Allstate Insurance Company. 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. 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. They sold a total of 176,962 shares worth more than $23,587,115.41. 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 Location data not available. 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 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.). Learn More on Allstate's active insiders. But our solution set is much broader than just reinsurance. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. 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. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. 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). As the Exec. Location data not available. Thorough reviews have been conducted to assure this data accurately reflects disclosures. He is also a certified public accountant. What is your take on integrating sustainability into financial planning? 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. 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? For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. These products are marketed under the Allstate, Encompass and Esurance brand names. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. Thorough reviews have been conducted to assure this data accurately reflects disclosures. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. 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. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. 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 . When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008.
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