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. All proxy statements are public filings made available to the general public by the SEC. You have entered an invalid ZIP. 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. 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 is widely known for the slogan 'You're in Good Hands with Allstate.'. All proxy statements are public filings made available to the general public by the SEC. Executive Vice President and Chief Financial Officer. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. "Mario Rizzo, president of Allstate Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. He is on the board of directors of St. Laurence High School in Burbank, Illinois. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. . ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension 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 A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. Your update should be done soon. 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. 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. Jess Merten will assume the Chief. 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. For other finance leaders out there, I just want to say: think big. Learn More on Mario Rizzo's trading history. 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 about insider trades at Allstate. How do I contact Mario Rizzo? Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete 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? But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. "Allstate brand implemented auto rate increases totaled $240. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. This represents a 50% increase from the . 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 The insurer also promoted Shebik as vice chairman. Shapiro joined Allstate as chief claims officer in 2016 . It's taking a bit longer than expected. 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. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. He joined the company in 1989. 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 most recent insider tranaction occured on February, 22nd when CFO Jesse E Merten sold 29,451 shares worth more than $3,951,735.18. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. (312) 263-1661 |info@feichicago.org|www.feichicago.org. It's taking a bit longer than expected. Log in, Subscribers need to be logged in to see rest of this article. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Oops! 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. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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: Its true that price is a significant differentiator and a key to driving customer satisfaction. Your update should be done soon. 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 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.). View Mario Rizzo's colleagues in Allstate Employee Directory. Another thing differentiating Allstate is the breadth of our products. 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. This report is not for commercial use. There are 24 older and 6 younger executives at Allstate Corp. 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. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . You may also find the annual proxy statement by going directly to the company's website. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. During the last year, insiders at the insurance provider sold shares 3 times. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. senior financial executives in the United States and Canada. 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 $0. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . ( bit.ly/2qpn7uh ) Phone Email. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . Do it. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. But our solution set is much broader than just reinsurance. Chicago CFO of the Year is a registered trademark of FEI Chicago. All Rights Reserved. Mario Rizzo is the Exec. He will become President, Property-Liability, on Sept. 1. 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. Together we're building the future of protection. Allstate. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. The Cor. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Last updated: 21 February 2023 at 5:57pm EST. 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). What is Mario Rizzo's salary? 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. Allstate CFO Mario Rizzo. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. 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. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. 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. There are 21 older and 8 younger executives at Allstate Corp. The Allstate Corporation The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. 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. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. Coronavirus Tips Working and Protection. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? 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. All Rights Reserved. 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. Its a broad set of actions, covering everything from pay practices and representation goals, to supplier diversity and adding a new racial equity pillar to the corporate foundation. 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. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Financial Executives International (FEI) is the premier association for CFOs and other. Risk avoidance is the name of the game in insurance. Insiders at Allstate own 1.8% of the company. Its a complicated issue that requires a comprehensive approach for success. 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 Mario Rizzo's salary. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. 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. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. 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 enter zip code. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. BREAKING: Tiny biotech successfully treats blindness. . As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. They sold a total of 176,962 shares worth more than $23,587,115.41. 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. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. He has held key leadership positions at the company since 1995, including all major operating units. 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. 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. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. We can help protect your phone, your appliances and electronics, and your identity. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. The information shown here is a reporting of information included in the company's proxy statement. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. 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 .