These products are marketed under the Allstate, Encompass and Esurance brand names. 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 Cor. Allstate has 54,300 employees. 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. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension 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. ( bit.ly/2qpn7uh ) Thorough reviews have been conducted to assure this data accurately reflects disclosures. Nathan Ellsworth. All Rights Reserved. You may also find the annual proxy statement by going directly to the company's website. What is the salary of Mario Rizzo? As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. He has held key leadership positions at the company since 1995, including all major operating units. We have modified underwriting, redesigned our homeowners product to better match price with risk and created an internal brokerage to provide customers alternatives for coverage. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . 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 It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. Information on this page was last updated on 2/22/2023. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. 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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. Please try again. Phone Email. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. 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. 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. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. Jess Merten will assume the Chief. Another thing differentiating Allstate is the breadth of our products. Lisa Wicka. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. 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. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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). This information is according to proxy statements filed for the 2021 fiscal year. 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. What is Mario Rizzo's salary? Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. It had never been done before, so we didnt know if it could be done. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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. 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. 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. 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 Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. Its the most important work we do and its who we are as a 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. Enter your email address below to get our daily insider buying and selling report. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. 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.). This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. senior financial executives in the United States and Canada. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. Together we're building the future of protection. 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 estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. BREAKING: Tiny biotech successfully treats blindness. 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 et Executive Vice President at Allstate Corp. 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. 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). VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Please enter zip code. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Your update should be done soon. 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. Please. Chart Data in Insider Trading History Table. Oops! 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. Please enter zip code. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 2023 Financial Executives International (FEI) Chicago. You may also find the annual proxy statement by going directly to the company's website. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. 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. Learn More on Allstate's active insiders. Last updated: 21 February 2023 at 5:57pm EST. 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. 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 . 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). He is also a Certified Public Accountant. You have entered an invalid ZIP. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. 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. This article has been edited and condensed. The information shown here is a reporting of information included in the company's proxy statement. Learn More on Mario Rizzo's trading history. Learn More on Mario Rizzo's trading history. Insiders at Allstate own 1.8% of the company. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. Opinions expressed by Forbes Contributors are their own. Oops! For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Shapiro joined Allstate as chief claims officer in 2016 . ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Board of Directors in ALLSTATE CORP 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. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. View Mario Rizzo's colleagues in Allstate Employee Directory. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Location data not available. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. We have a powerful team that guides us to be bold, innovative and collaborative. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. 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. Last updated: 1 March 2023 at 11:00am EST. VP & CFO of Allstate Corp since . He joined the company in 1989. 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. Learn More on Mario Rizzo's contact information. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. Learn More on Mario Rizzo's salary. It's taking a bit longer than expected. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. 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. There are 24 older and 6 younger executives at Allstate Corp. Jess Merten will assume the Chief Financial Officer role, leveraging his broad 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. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. document.write(new Date().getFullYear()); Allstate Insurance Company. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. 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). The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. 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. 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.'. This report is not for commercial use. 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. Risk avoidance is the name of the game in insurance. It's taking a bit longer than expected. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. 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 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. 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. All Rights Reserved. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. 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. All proxy statements are public filings made available to the general public by the SEC. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. As the Exec. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. 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 Salaries posted anonymously by Allstate employees. They sold a total of 176,962 shares worth more than $23,587,115.41. We can help protect your phone, your appliances and electronics, and your identity. 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? Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. . Learn More on Allstate's active insiders. This report is not for commercial use. Learn More about Mario Rizzo's net worth. 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. Together we can continue to drive systemic change. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. 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 Chief Financial Officer and Executive Vice President of Allstate Corp, the total compensation of Mario Rizzo at Allstate Corp is $4,426,140. 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. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. 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. What is your take on integrating sustainability into financial planning? In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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 Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. 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. 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. The Allstate Corporation Location data not available. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. Coronavirus Tips Working and Protection. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. 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). 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. He is on the board of directors of St. Laurence High School in Burbank, Illinois. For other finance leaders out there, I just want to say: think big. 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. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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.