Enter your email address below to get our daily insider buying and selling report. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. Mario Rizzo is the Exec. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. 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. NORTHBROOK, Ill., Feb. 22, 2021 - The Allstate Corporation (NYSE: ALL) board of directors has approved a quarterly dividend of $0.81 cents on each outstanding share of the corporation's common stock, payable in cash on April 1, 2021, to stockholders of record at the close of business on March 4, 2021. The impacts of catastrophes and climate change are core to financial planning and risk and return management processes because [theyre] foundational to our sustained success. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . 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. 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. 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. Learn More about Mario Rizzo's net worth. Your update should be done soon. You may also find the annual proxy statement by going directly to the company's website. Financial Executives International (FEI) is the premier association for CFOs and other. Please. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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. Jess Merten will assume the Chief. ( bit.ly/2qpn7uh ) Learn More about insider trades at Allstate. He will become President, Property-Liability, on Sept. 1. He joined the company in 1989. 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. 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.). Phone Email. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . Allstate Insurance Company. 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. document.write(new Date().getFullYear()); Allstate Insurance Company. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Chicago CFO of the Year is a registered trademark of FEI Chicago. 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. 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. 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. He is also a certified public accountant. 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). VP & CFO at Allstate Corp. As the Exec. What is your take on integrating sustainability into financial planning? 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. He is on the board of directors of St. Laurence High School in Burbank, Illinois. 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. 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). Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. Log in, Subscribers need to be logged in to see rest of this article. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. All proxy statements are public filings made available to the general public by the SEC. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. 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 . Allstate's CFO says staying ahead of the curve is. 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. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Please enter zip code. Allstate CFO Mario Rizzo. Owner. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. Another thing differentiating Allstate is the breadth of our products. There are 21 older and 8 younger executives at Allstate Corp. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. 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. Oops! Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. 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. Learn More on Mario Rizzo's trading history. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. 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. Insiders at Allstate own 1.8% of the company. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. VP & CFO of Allstate Corp since . 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. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. 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. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Together we're building the future of protection. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. You may also find the annual proxy statement by going directly to the company's website. Nathan Ellsworth. 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 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. President, Property-Liability What is Mario Rizzo's salary? Shapiro joined Allstate as chief claims officer in 2016 . . The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. senior financial executives in the United States and Canada. 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. 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 Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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). 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 are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. 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. During the last year, insiders at the insurance provider sold shares 3 times. 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. 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. 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. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. But the good news is, if China invades Taiwan, there is a way to protect yourself. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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 Oops! The information shown here is a reporting of information included in the company's proxy statement. This report is not for commercial use. We have a powerful team that guides us to be bold, innovative and collaborative. Jess Merten will assume the Chief Financial Officer role, leveraging his broad On average, Mario trades about 3,291 units every 90 days since 2018. 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. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. 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All Rights Reserved. This information is according to proxy statements filed for the 2021 fiscal year. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. Allstate has 54,300 employees. 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. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Please try again. Please enter zip code. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? 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 ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. Information on this page was last updated on 2/22/2023. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Allstate. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. We offer a lot beyond typical auto and home insurance. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. document.write(new Date().getFullYear()); Allstate Insurance Company. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. Coronavirus Tips Working and Protection. This article has been edited and condensed. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. Risk avoidance is the name of the game in insurance. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. He is also a Certified Public Accountant. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. 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. Chart Data in Insider Trading History Table. 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. 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. 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. 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 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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 Executive Vice President and Chief Financial Officer. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. What is the salary of Mario Rizzo? 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. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. The Cor. 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 the most important work we do and its who we are as a company. 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 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. We owe it to our customers to offer them industry-leading products at affordable prices. The information shown here is a reporting of information included in the company's proxy statement. They sold a total of 176,962 shares worth more than $23,587,115.41. The insurer also promoted Shebik as vice chairman. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension Please try again. It's taking a bit longer than expected. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. "Mario Rizzo, president of Allstate 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. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. The Allstate Corporation Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? 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. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. He has held key leadership positions at the company since 1995, including all major operating units. View Mario Rizzo's colleagues in Allstate Employee Directory. 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.