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 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. Jess Merten will assume the Chief. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. Please try again. We can help protect your phone, your appliances and electronics, and your identity. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. Financial Executives International (FEI) is the premier association for CFOs and other. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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 Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. Learn More about Mario Rizzo's net worth. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Please enter zip code. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Location data not available. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. Together we can continue to drive systemic change. 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. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. 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. Allstate's CFO says staying ahead of the curve is. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. All Rights Reserved. Oops! Do it. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. Coronavirus Tips Working and Protection. 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. There are 24 older and 6 younger executives at Allstate Corp. All proxy statements are public filings made available to the general public by the SEC. President, Property-Liability 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 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. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. Learn More on Mario Rizzo's contact information. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Learn More on Allstate's active insiders. 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. senior financial executives in the United States and Canada. Allstate has 54,300 employees. Oops! How do I contact Mario Rizzo? As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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 has not been actively trading shares of Allstate during the past quarter. We have a powerful team that guides us to be bold, innovative and collaborative. What is Mario Rizzo's salary? 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. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. It's taking a bit longer than expected. You may also find the annual proxy statement by going directly to the company's website. We offer a lot beyond typical auto and home insurance. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. "Mario Rizzo, president of Allstate Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . 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. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. It's taking a bit longer than expected. ( bit.ly/2qpn7uh ) Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension Allstate CFO Mario Rizzo. What is the salary of Mario Rizzo? 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 . 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 is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. 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These products are marketed under the Allstate, Encompass and Esurance brand names. 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 Learn More on Mario Rizzo's trading history. 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. 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. Executive Vice President and Chief Financial Officer. Get notified the next time Mario Rizzo buys or sells Allstate stock. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Chart Data in Insider Trading History Table. What else does Allstates finance leadership do to promote DE&I? Please. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. Opinions expressed by Forbes Contributors are their own. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. It had never been done before, so we didnt know if it could be done. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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. Together we're building the future of protection. He has held key leadership positions at the company since 1995, including all major operating units. 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. Allstate. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Owner. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Information on this page was last updated on 2/22/2023. 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. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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). There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Your update should be done soon. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. Location data not available. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? The Cor. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Learn More on Mario Rizzo's salary. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. 2023 Financial Executives International (FEI) Chicago. Enter your email address below to get our daily insider buying and selling report. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. What is your take on integrating sustainability into financial planning? Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction.
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