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. Please try again. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. 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. 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 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). "Mario Rizzo, president of Allstate The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. 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 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. 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. This article has been edited and condensed. Learn More about insider trades at Allstate. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. The information shown here is a reporting of information included in the company's proxy statement. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. 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.). On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. We offer a lot beyond typical auto and home insurance. View Mario Rizzo's colleagues in Allstate Employee Directory. What is the salary of Mario Rizzo? 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. Board of Directors in ALLSTATE CORP Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. 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. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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 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. 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. 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. Financial Executives International (FEI) is the premier association for CFOs and other. 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). 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. 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? It had never been done before, so we didnt know if it could be done. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Location data not available. Get notified the next time Mario Rizzo buys or sells Allstate stock. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. 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 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 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 Mario Rizzo's contact information. 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.). 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 Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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. The Cor. 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. Please enter zip code. 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 received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Another thing differentiating Allstate is the breadth of our products. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. 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). Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. This represents a 50% increase from the . We can help protect your phone, your appliances and electronics, and your identity. 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. You may also find the annual proxy statement by going directly to the company's website. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. 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. (312) 263-1661 |info@feichicago.org|www.feichicago.org. Allstate Insurance Company. He is also a certified public accountant. 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. 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. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Executive Vice President and Chief Financial Officer. Chart Data in Insider Trading History Table. Chicago CFO of the Year is a registered trademark of FEI Chicago. There are 24 older and 6 younger executives at Allstate Corp. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Do it. 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 free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. All Rights Reserved. Coronavirus Tips Working and Protection. Learn More on Mario Rizzo's trading history. Risk avoidance is the name of the game in insurance. 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. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Learn More on Allstate's active insiders. 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. Salaries posted anonymously by Allstate employees. All proxy statements are public filings made available to the general public by the SEC. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. Last updated: 21 February 2023 at 5:57pm EST. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. 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 Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. 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. But the good news is, if China invades Taiwan, there is a way to protect yourself. Lisa Wicka. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Please enter zip code. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. It's taking a bit longer than expected. For other finance leaders out there, I just want to say: think big. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. Information on this page was last updated on 2/22/2023. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. VP & CFO at Allstate Corp. As the Exec. 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. 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. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . The insurer also promoted Shebik as vice chairman. Oops! All proxy statements are public filings made available to the general public by the SEC. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. BREAKING: Tiny biotech successfully treats blindness. 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's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Last updated: 1 March 2023 at 11:00am EST. ( bit.ly/2qpn7uh ) Insiders at Allstate own 1.8% of the company.