mario rizzo allstate salary

But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. . 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). You may also find the annual proxy statement by going directly to the company's website. 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. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. He is also a certified public accountant. The Allstate Corporation Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. He has held key leadership positions at the company since 1995, including all major operating units. Opinions expressed by Forbes Contributors are their own. 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. 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. 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. 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. The information shown here is a reporting of information included in the company's proxy statement. You may also find the annual proxy statement by going directly to the company's website. This report is not for commercial use. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. Last updated: 1 March 2023 at 11:00am EST. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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 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 represents a 50% increase from the . 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. Learn More about Mario Rizzo's net worth. Jess Merten will assume the Chief. Lisa Wicka. Learn More about insider trades at Allstate. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. Location data not available. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . 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 proxy statements are public filings made available to the general public by the SEC. 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. 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. Information on this page was last updated on 2/22/2023. There are 21 older and 8 younger executives at Allstate Corp. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. Oops! There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Oops! 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. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. Please enter zip code. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. 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. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. 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.'. Learn More on Mario Rizzo's trading history. The insurer also promoted Shebik as vice chairman. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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. 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. 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 . 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. 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. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Please try again. 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. Location data not available. What else does Allstates finance leadership do to promote DE&I? 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. Chicago CFO of the Year is a registered trademark of FEI Chicago. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. ( bit.ly/2qpn7uh ) This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. We owe it to our customers to offer them industry-leading products at affordable prices. 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. Get notified the next time Mario Rizzo buys or sells Allstate stock. All Rights Reserved. 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. Learn More about Mario Rizzo's net worth. All proxy statements are public filings made available to the general public by the SEC. 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. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. As the Exec. It had never been done before, so we didnt know if it could be done. 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. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. 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 It's taking a bit longer than expected. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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 Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. What is Mario Rizzo's salary? 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. 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. 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. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. 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. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. 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. Learn More on Allstate's active insiders. (312) 263-1661 |info@feichicago.org|www.feichicago.org. Learn More on Mario Rizzo's salary. Allstate's CFO says staying ahead of the curve is. Learn More on Mario Rizzo's trading history. Chart Data in Insider Trading History Table. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. 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.). The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. This information is according to proxy statements filed for the 2021 fiscal year. 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. 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. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. All Rights Reserved. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Insiders at Allstate own 1.8% of the company. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. How do I contact Mario Rizzo? Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension These products are marketed under the Allstate, Encompass and Esurance brand names. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. He is also a Certified Public Accountant. 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.). You have entered an invalid ZIP. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. Shapiro joined Allstate as chief claims officer in 2016 . He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. 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. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. . 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. 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. 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. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. 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). Please. 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. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Please enter zip code. Last updated: 21 February 2023 at 5:57pm EST. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. 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. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . Mario Rizzo is the Exec. "Allstate brand implemented auto rate increases totaled $240. 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. 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. We can help protect your phone, your appliances and electronics, and your identity. During the last year, insiders at the insurance provider sold shares 3 times. BREAKING: Tiny biotech successfully treats blindness. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Financial Executives International (FEI) is the premier association for CFOs and other. Its a complicated issue that requires a comprehensive approach for success. 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 Mr Rizzo is 54, he's been the Exec. 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. 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. 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 was named president, Property-Liability, at Allstate effective September 1. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. the 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.

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