mario rizzo allstate salary

Shapiro joined Allstate as chief claims officer in 2016 . As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Your update should be done soon. 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. 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. 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. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? 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 . Do it. 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. . 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. 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. Please try again. During the last year, insiders at the insurance provider sold shares 3 times. 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. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. What else does Allstates finance leadership do to promote DE&I? 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 This report is not for commercial use. Learn More about insider trades at Allstate. 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). 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. 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. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Executive Vice President and Chief Financial Officer. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. On average, Mario trades about 3,291 units every 90 days since 2018. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . 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. Allstate has 54,300 employees. What is your take on integrating sustainability into financial planning? The insurer also promoted Shebik as vice chairman. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. "Allstate brand implemented auto rate increases totaled $240. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Please try again. These products are marketed under the Allstate, Encompass and Esurance brand names. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. As the Exec. It's taking a bit longer than expected. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. Last updated: 21 February 2023 at 5:57pm EST. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Location data not available. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Please. Nathan Ellsworth. You may also find the annual proxy statement by going directly to the company's website. 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. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. How do I contact Mario Rizzo? We owe it to our customers to offer them industry-leading products at affordable prices. 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. We offer a lot beyond typical auto and home insurance. 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. The information shown here is a reporting of information included in the company's proxy statement. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. Phone Email. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. There are 9 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 ThomasWilson having the highest compensation of $19,615,700. VP & CFO of Allstate Corp since . 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Opinions expressed by Forbes Contributors are their own. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. Mario Rizzo is the Exec. 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). But our solution set is much broader than just reinsurance. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. 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. 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. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. The information shown here is a reporting of information included in the company's proxy statement. 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? Coronavirus Tips Working and Protection. document.write(new Date().getFullYear()); Allstate Insurance Company. Chicago CFO of the Year is a registered trademark of FEI Chicago. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. They sold a total of 176,962 shares worth more than $23,587,115.41. 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. For other finance leaders out there, I just want to say: think big. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension 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 We can help protect your phone, your appliances and electronics, and your identity. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. Log in, Subscribers need to be logged in to see rest of this article. senior financial executives in the United States and Canada. What is the salary of Mario Rizzo? Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. 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. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Together we can continue to drive systemic change. 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. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Together we're building the future of protection. Location data not available. All Rights Reserved. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. The Cor. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Oops! All proxy statements are public filings made available to the general public by the SEC. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. Allstate CFO Mario Rizzo. Mr Rizzo is 54, he's been the Exec. 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. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Please enter zip code. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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 Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. 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. 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. Learn More about Mario Rizzo's net worth. 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. You may also find the annual proxy statement by going directly to the company's website. Mario Rizzo is the Exec. This article has been edited and condensed. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. He is also a certified public accountant. 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. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. BREAKING: Tiny biotech successfully treats blindness. 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. 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. Learn More on Mario Rizzo's salary. Learn More on Mario Rizzo's contact information. 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. 2023 Financial Executives International (FEI) Chicago. 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.). Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . 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 Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. Learn More on Allstate's active insiders. 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. Risk avoidance is the name of the game in insurance. 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. Its a complicated issue that requires a comprehensive approach for success. Learn More about Mario Rizzo's net worth. Last updated: 1 March 2023 at 11:00am EST. (312) 263-1661 |info@feichicago.org|www.feichicago.org. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. Its the most important work we do and its who we are as a company. Your update should be done soon. Jess Merten will assume the Chief. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. President, Property-Liability What is Mario Rizzo's salary? 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. What is the salary of Mario Rizzo? Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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 Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. 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. Enter your email address below to get our daily insider buying and selling report. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. This represents a 50% increase from the . document.write(new Date().getFullYear()); Allstate Insurance Company. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. There are 24 older and 6 younger executives at Allstate Corp. 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). Of this total $748,616 was received as a salary, $1,478,500 was received as a bonus, $917,031 was received in stock options, $1,349,579 was awarded as stock and $25,790 came from other types of compensation. The 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. 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. All proxy statements are public filings made available to the general public by the SEC. Lisa Wicka. This report is not for commercial use. 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. But the good news is, if China invades Taiwan, there is a way to protect yourself. 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. VP & CFO at Allstate Corp. As the Exec. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. He is on the board of directors of St. Laurence High School in Burbank, Illinois. 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. We have a powerful team that guides us to be bold, innovative and collaborative. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. 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. Chart Data in Insider Trading History Table. You have entered an invalid ZIP. 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. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. 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. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. It had never been done before, so we didnt know if it could be done. Another thing differentiating Allstate is the breadth of our products. 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. 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 received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. 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.

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