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Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 100+ "Mario Rizzo" profiles | LinkedIn 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 has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. document.write(new Date().getFullYear()); Allstate Insurance Company. We can help protect your phone, your appliances and electronics, and your identity. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. Information on this page was last updated on 2/22/2023. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. It's taking a bit longer than expected. Allstate's Leadership Depth Provides Strategic and Operational Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Allstate Executives Shuffle With Retirement of Property-Liability President Mario Rizzo Net Worth (2023) | wallmine For other finance leaders out there, I just want to say: think big. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Molly Wilson on LinkedIn: Allstate's Plan to Return to Profit in Auto All proxy statements are public filings made available to the general public by the SEC. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. document.write(new Date().getFullYear()); Allstate Insurance Company. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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'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 chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Learn More about Mario Rizzo's net worth. The Cor. He is also a Certified Public Accountant. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. You have entered an invalid ZIP. Allstate Insurance Company. 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. Learn More on Allstate's active insiders. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Together we can continue to drive systemic change. Owner. Please enter zip code. But the good news is, if China invades Taiwan, there is a way to protect yourself. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. Jess Merten will assume the Chief Financial Officer role, leveraging his broad Your update should be done soon. 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. 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. 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, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Allstate: $307M in January Cat Losses and Keeps the Auto Rate Hikes Coming Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. 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. Coronavirus Tips Working and Protection. What is the salary of Mario Rizzo? This article has been edited and condensed. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. You have entered an invalid ZIP. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Learn More on Mario Rizzo's salary. What is your take on integrating sustainability into financial planning? This information is according to proxy statements filed for the 2021 fiscal year. Mario Rizzo Net Worth (2023) | wallmine 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. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . All Rights Reserved. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Oops! Allstate. Allstate names Rizzo to succeed Shapiro as president of property-liability These products are marketed under the Allstate, Encompass and Esurance brand names. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. 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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. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. Your update should be done soon. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. 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 have a powerful team that guides us to be bold, innovative and collaborative. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. This report is not for commercial use. Allstate Announces Senior Leadership Changes Jess Merten will assume the Chief. 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. Compensation Information for Mario Rizzo, Executive Vice - Salary Mario Rizzo Net Worth (2022) | wallmine Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. The information shown here is a reporting of information included in the company's proxy statement. 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 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. 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. 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. 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. 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. Mario Rizzo Net Worth (2022) | wallmine President, Property-Liability 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. But our solution set is much broader than just reinsurance. ( bit.ly/2qpn7uh ) Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Enter your email address below to get our daily insider buying and selling report. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. Learn More on Mario Rizzo's contact information. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Chart Data in Insider Trading History Table. . Allstate's Leadership Depth Provides Strategic and Operational 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 What is the salary of Mario Rizzo? (312) 263-1661 |info@feichicago.org|www.feichicago.org. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Mario Rizzo Net Worth (2022) | wallmine 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 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. They sold a total of 176,962 shares worth more than $23,587,115.41. 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. 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 Email & Phone Number - Allstate | ZoomInfo Learn More on Mario Rizzo's trading history. 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. 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). The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. You may also find the annual proxy statement by going directly to the company's website. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Please try again. Financial Executives International (FEI) is the premier association for CFOs and other. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. How Much Does Allstate Pay in 2023? (11,583 Salaries) 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Its a complicated issue that requires a comprehensive approach for success. Phone Email. The information shown here is a reporting of information included in the company's proxy statement. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. He will become President, Property-Liability, on Sept. 1. 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. 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 is Chief Financial Officer, Executive Vice President of the company. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. 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 owe it to our customers to offer them industry-leading products at affordable prices. There are 24 older and 6 younger executives at Allstate Corp. ALLSTATE CORP Executive Salaries & Other Compensation | Salary.com Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. The insurer also promoted Shebik as vice chairman. Mario Rizzo - FEI Chicago Chapter 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). Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. Mario Rizzo Net Worth (2023) | wallmine CA Allstate Selects Only Diverse Investment Banks For $1.2 Billion Bond Deal Oops! Mario Rizzo Named to Succeed Retiring Glenn Shapiro as President of 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. 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. senior financial executives in the United States and Canada. 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. Allstate's CFO says staying ahead of the curve is. 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. Chicago CFO of the Year is a registered trademark of FEI Chicago. As the Exec. 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. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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.). VP & CFO at Allstate Corp. As the Exec. You may also find the annual proxy statement by going directly to the company's website. Mario Rizzo | Allstate Corporation Mario Rizzo has not been actively trading shares of Allstate during the past quarter. "Allstate brand implemented auto rate increases totaled $240. Allstate's Leadership Depth Provides Strategic and Operational Continuity VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? 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 Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. 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. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. 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. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. Please try again. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. 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. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Mario Rizzo - Executive Vice President and Chief Financial Officer 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, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. 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. Nathan Ellsworth. 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.