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The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Please enter zip code. The charts on this page feature a breakdown of the total annual pay for the top executives at ALLSTATE CORP as reported in their proxy statements. Mario Rizzo is the Exec. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. President, Property-Liability Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. What is the salary of Mario Rizzo? Salaries posted anonymously by Allstate employees. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Jess Merten will assume the Chief Financial Officer role, leveraging his broad What is Mario Rizzo's salary? 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. document.write(new Date().getFullYear()); Allstate Insurance Company. He joined the company in 1989. Chart Data in Insider Trading History Table. Shapiro joined Allstate as chief claims officer in 2016 . During the last year, insiders at the insurance provider sold shares 3 times. Last updated: 21 February 2023 at 5:57pm EST. 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While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Another thing differentiating Allstate is the breadth of our products. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Mario Rizzo is the Exec. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. 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. The insurer also promoted Shebik as vice chairman. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. 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. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. 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. He has held key leadership positions at the company since 1995, including all major operating units. 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 is widely known for the slogan 'You're in Good Hands with Allstate.'. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. 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. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. 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. 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. Its a complicated issue that requires a comprehensive approach for success. You have entered an invalid ZIP. The information shown here is a reporting of information included in the company's proxy statement. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Location data not available. All proxy statements are public filings made available to the general public by the SEC. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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 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. All Rights Reserved. Allstate Insurance Company. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. 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 on Mario Rizzo's trading history. Thorough reviews have been conducted to assure this data accurately reflects disclosures. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. 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). 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. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Learn More about Mario Rizzo's net worth. 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. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. Enter your email address below to get our daily insider buying and selling report. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. They sold a total of 176,962 shares worth more than $23,587,115.41. 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. "Mario Rizzo, president 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. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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? Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. Together we can continue to drive systemic change. Financial Executives International (FEI) is the premier association for CFOs and other. This article has been edited and condensed. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. VP & CFO of Allstate Corp since . Please try again. We have a powerful team that guides us to be bold, innovative and collaborative. 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. "Allstate brand implemented auto rate increases totaled $240. We can help protect your phone, your appliances and electronics, and your identity. Please enter zip code. 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 . 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. There are 21 older and 8 younger executives at Allstate Corp. Lisa Wicka. Last updated: 1 March 2023 at 11:00am EST. It was reported that Property-Liability earned premium of $10.9bn increased 8.6% in the second quarter of 2022 compared to the prior year quarter, which was driven primarily by higher average premiums and policies in force growth. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. (312) 263-1661 |info@feichicago.org|www.feichicago.org. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Learn More on Mario Rizzo's trading history. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. What is your take on integrating sustainability into financial planning? This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. He will become President, Property-Liability, on Sept. 1. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . It's taking a bit longer than expected. 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 free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. But our solution set is much broader than just reinsurance. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. 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. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. 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). Allstate has 54,300 employees. But we went on to discuss Allstates proactive approach to certain climate change risks, as well as the firms recent efforts around diversity, equity and inclusion (DE&I). 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). Insiders at Allstate own 1.8% of the company. What else does Allstates finance leadership do to promote DE&I? You may also find the annual proxy statement by going directly to the company's website. What is the salary of Mario Rizzo? 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).