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). ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Please enter zip code. 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. Its a complicated issue that requires a comprehensive approach for success. 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. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. 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. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. . Learn More on Mario Rizzo's salary. 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). Molly Wilson on LinkedIn: Allstate's Plan to Return to Profit in Auto 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 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 brand implemented auto rate increases totaled $240. Mario Rizzo Biography and Net Worth - InsiderTrades On average, Mario trades about 3,291 units every 90 days since 2018. 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. Log in, Subscribers need to be logged in to see rest of this article. Learn More about insider trades at Allstate. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Owner. Learn More on Allstate's active insiders. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. It's taking a bit longer than expected. Last updated: 21 February 2023 at 5:57pm EST. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. The insurer also promoted Shebik as vice chairman. 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. Allstate has 54,300 employees. Mario Rizzo is the Exec. 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. All Rights Reserved. ( bit.ly/2qpn7uh ) Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. Mario Rizzo is the Exec. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. 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. Allstate's CFO says staying ahead of the curve is. 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. What is the salary of Mario Rizzo? Allstate shakes up its leadership - Reinsurance News Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Mario Rizzo Net Worth (2022) | wallmine All proxy statements are public filings made available to the general public by the SEC. 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 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. Executive Vice President and Chief Financial Officer. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. All Rights Reserved. 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. The information shown here is a reporting of information included in the company's proxy statement. Mario Rizzo Net Worth (2023) | wallmine Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. Your update should be done soon. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . 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. Your update should be done soon. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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.). The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Jess Merten will assume the Chief Financial Officer role, leveraging his broad While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Allstate: $307M in January Cat Losses and Keeps the Auto Rate Hikes Coming The information shown here is a reporting of information included in the company's proxy statement. This report is not for commercial use. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Coronavirus Tips Working and Protection. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. He will become President, Property-Liability, on Sept. 1. 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. 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 - FEI Chicago Chapter But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. We offer a lot beyond typical auto and home insurance. 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 the Chief Financial Officer and Executive Vice President of Allstate Corp, the total compensation of Mario Rizzo at Allstate Corp is $4,426,140. Get notified the next time Mario Rizzo buys or sells Allstate stock. 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. 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 Risk avoidance is the name of the game in insurance. 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. 100+ "Mario Rizzo" profiles | LinkedIn Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. Thomas J. Wilson - Salary.com MOVES-Insurer Allstate names Mario Rizzo as new CFO | Reuters 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. . BREAKING: Tiny biotech successfully treats blindness. 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. Please enter zip code. 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? These products are marketed under the Allstate, Encompass and Esurance brand names. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. View Mario Rizzo's colleagues in Allstate Employee Directory. 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. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Mario Rizzo Net Worth (2022) | wallmine What is Mario Rizzo's salary? Information on this page was last updated on 2/22/2023. Financial Executives International (FEI) is the premier association for CFOs and other. Lisa Wicka. 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 shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. We are in the business of taking risk and generating adequate returns on those risks, and we have been managing the impacts of climate change in our homeowners business for many years. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . Allstate names Rizzo to succeed Shapiro as president of property-liability Another thing differentiating Allstate is the breadth of our products. 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). Learn More about Mario Rizzo's net worth. Location data not available. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. How do I contact Mario Rizzo? 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. Together we can continue to drive systemic change. 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). Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Mario Rizzo Named to Succeed Retiring Glenn Shapiro as President of 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. There are 21 older and 8 younger executives at Allstate Corp. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension Allstate Selects Only Diverse Investment Banks For $1.2 Billion Bond Deal 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 . 2023 Financial Executives International (FEI) Chicago. "Mario Rizzo, president of Allstate In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. 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). 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. Allstate's Leadership Depth Provides Strategic and Operational 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 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. Do it. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. 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. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Mario Rizzo - Biography As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Please try again. We owe it to our customers to offer them industry-leading products at affordable prices. 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. Mario Rizzo Email & Phone Number - Allstate | ZoomInfo In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. Enter your email address below to get our daily insider buying and selling report. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. 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. document.write(new Date().getFullYear()); Allstate Insurance Company. VP & CFO at Allstate Corp. As the Exec. 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. Its the most important work we do and its who we are as a company. Nathan Ellsworth. But our solution set is much broader than just reinsurance. 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. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. Glenn T. Shapiro - Salary.com Opinions expressed by Forbes Contributors are their own. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Phone Email. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700.