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. 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 Together we can continue to drive systemic change. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. 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. Salaries posted anonymously by Allstate employees. 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. What else does Allstates finance leadership do to promote DE&I? Financial Executives International (FEI) is the premier association for CFOs and other. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . 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. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. It's taking a bit longer than expected. Jess Merten will assume the Chief. What is your take on integrating sustainability into financial planning? For other finance leaders out there, I just want to say: think big. This information is according to proxy statements filed for the 2021 fiscal year. What is Mario Rizzo's salary? 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. 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. 2023 Financial Executives International (FEI) Chicago. 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. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Location data not available. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. Information on this page was last updated on 2/22/2023. Learn More about Mario Rizzo's net worth. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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 Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. document.write(new Date().getFullYear()); Allstate Insurance Company. These products are marketed under the Allstate, Encompass and Esurance brand names. Oops! However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. 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 $18,368,991 CEO Pay Ratio Risk avoidance is the name of the game in insurance. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Log in, Subscribers need to be logged in to see rest of this article. View Mario Rizzo's colleagues in Allstate Employee Directory. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Jess Merten will assume the Chief Financial Officer role, leveraging his broad Last updated: 1 March 2023 at 11:00am EST. What is the salary of Mario Rizzo? There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. All Rights Reserved. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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. Mario Rizzo is the Exec. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Get notified the next time Mario Rizzo buys or sells Allstate stock. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. What is the salary of Mario Rizzo? The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. Enter your email address below to get our daily insider buying and selling report. Its the most important work we do and its who we are as a company. 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. 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. 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. Do it. 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. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. You have entered an invalid ZIP. Insiders at Allstate own 1.8% of the company. Lisa Wicka. All proxy statements are public filings made available to the general public by the SEC. 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. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. Mr Rizzo is 54, he's been the Exec. BREAKING: Tiny biotech successfully treats blindness. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. 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. 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). 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. Together we're building the future of protection. Phone Email. He is also a Certified Public Accountant. During the last year, insiders at the insurance provider sold shares 3 times. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. 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. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. How do I contact Mario Rizzo? Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. We have a powerful team that guides us to be bold, innovative and collaborative. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. Opinions expressed by Forbes Contributors are their own. Learn More on Mario Rizzo's salary. This article has been edited and condensed. Learn More on Mario Rizzo's contact information. There are 24 older and 6 younger executives at Allstate Corp. Learn More about Mario Rizzo's net worth. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? He is also a certified public accountant. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. . Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. It had never been done before, so we didnt know if it could be done. Oops! The Cor. You may also find the annual proxy statement by going directly to the company's website. 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. President, Property-Liability
(312) 263-1661 |info@feichicago.org|www.feichicago.org. 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. Please try again. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Allstate's CFO says staying ahead of the curve is. 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.). Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. "Mario Rizzo, president of Allstate This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. 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 . Coronavirus Tips Working and Protection. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. As the Exec. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. Another thing differentiating Allstate is the breadth of our products. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Learn More on Mario Rizzo's trading history. 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. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. This report is not for commercial use. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. 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. The information shown here is a reporting of information included in the company's proxy statement. Shapiro joined Allstate as chief claims officer in 2016 . 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. 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? 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. Its a complicated issue that requires a comprehensive approach for success. 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). There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. 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 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. Last updated: 21 February 2023 at 5:57pm EST. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. 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. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses.