Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. Please enter zip code. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Thorough reviews have been conducted to assure this data accurately reflects disclosures. ALLSTATE CORP Executive Salaries & Other Compensation | Salary.com The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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 is widely known for the slogan 'You're in Good Hands with Allstate.'. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. 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. Your update should be done soon. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. As the Exec. 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 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. 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. 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. It had never been done before, so we didnt know if it could be done. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. What else does Allstates finance leadership do to promote DE&I? 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 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. Information on this page was last updated on 2/22/2023. 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. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. You may also find the annual proxy statement by going directly to the company's website. 100+ "Mario Rizzo" profiles | LinkedIn BREAKING: Tiny biotech successfully treats blindness. 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Last updated: 1 March 2023 at 11:00am EST. Allstate Announces Senior Leadership Changes He has held key leadership positions at the company since 1995, including all major operating units. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. All proxy statements are public filings made available to the general public by the SEC. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Allstate. "Mario Rizzo, president of Allstate The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. The Cor. What is the salary of Mario Rizzo? Allstate CFO Mario Rizzo. Board of Directors in ALLSTATE CORP 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 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. Together we're building the future of protection. 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. The information shown here is a reporting of information included in the company's proxy statement. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. But our solution set is much broader than just reinsurance. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. 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 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. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. 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 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's CFO says staying ahead of the curve is. It's taking a bit longer than expected. Allstate shakes up its leadership - Reinsurance News Learn More on Mario Rizzo's trading history. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. Owner. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Log in, Subscribers need to be logged in to see rest of this article. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. For other finance leaders out there, I just want to say: think big. Learn More about insider trades at Allstate. All Rights Reserved. "Allstate brand implemented auto rate increases totaled $240. 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. This article has been edited and condensed. 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.). 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. 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 owe it to our customers to offer them industry-leading products at affordable prices. Its a complicated issue that requires a comprehensive approach for success. Together we can continue to drive systemic change. Mario Rizzo Net Worth (2022) | wallmine Allstate's Leadership Depth Provides Strategic and Operational Allstate Insurance Company. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Salaries posted anonymously by Allstate employees. 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. Coronavirus Tips Working and Protection. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. Mario Rizzo, Allstate CFO, interviews Sidney Dillard during The - Loop As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. 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 Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. Thomson: Extreme heat, natural disasters and biodiversity losses have an outsized effect on the insurance industry, especially among property and casualty (P&C) insurers where losses from individual events like Hurricane Harvey now represent billions of dollars in loss. 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. Learn More on Allstate's active insiders. They sold a total of 176,962 shares worth more than $23,587,115.41. This report is not for commercial use. Compensation Information for Mario Rizzo, Executive Vice - Salary 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. Jess Merten will assume the Chief. 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. 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. Learn More about Mario Rizzo's net worth. 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. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension View Mario Rizzo's colleagues in Allstate Employee Directory. 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). 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. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. This report is not for commercial use. All proxy statements are public filings made available to the general public by the SEC. 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? Allstate's Leadership Depth Provides Strategic and Operational Continuity There are 24 older and 6 younger executives at Allstate Corp. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad You may also find the annual proxy statement by going directly to the company's website. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Thomas J. Wilson - Salary.com Enter your email address below to get our daily insider buying and selling report. Please enter zip code. Mario Rizzo Biography and Net Worth - InsiderTrades document.write(new Date().getFullYear()); Allstate Insurance Company. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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. What is Mario Rizzo's salary? 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 Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. Shapiro joined Allstate as chief claims officer in 2016 . 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 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 . Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . 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. Do it. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . Allstate has 54,300 employees. There are 21 older and 8 younger executives at Allstate Corp. Mario Rizzo | Allstate Corporation Mario Rizzo has not been actively trading shares of Allstate during the past quarter. 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. Location data not available. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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. Please try again. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. 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. Another thing differentiating Allstate is the breadth of our products. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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. 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. Phone Email. 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. You have entered an invalid ZIP. 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. The information shown here is a reporting of information included in the company's proxy statement. Mario Rizzo Net Worth (2022) | wallmine document.write(new Date().getFullYear()); Allstate Insurance Company. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. Location data not available.