mario rizzo allstate salary mario rizzo allstate salary

Allstate's CFO says staying ahead of the curve is. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Learn More on Mario Rizzo's trading history. 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). We owe it to our customers to offer them industry-leading products at affordable prices. 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 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 brand implemented auto rate increases totaled $240. All proxy statements are public filings made available to the general public by the SEC. 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 is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. Your update should be done soon. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. Its a complicated issue that requires a comprehensive approach for success. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. You may also find the annual proxy statement by going directly to the company's website. 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. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. Location data not available. All proxy statements are public filings made available to the general public by 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. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. Learn More on Mario Rizzo's trading history. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. 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. He will become President, Property-Liability, on Sept. 1. Allstate has 54,300 employees. Together we're building the future of protection. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. 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. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. He is also a certified public accountant. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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. 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. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Nathan Ellsworth. 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. But the good news is, if China invades Taiwan, there is a way to protect yourself. He is on the board of directors of St. Laurence High School in Burbank, Illinois. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Learn More about Mario Rizzo's net worth. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. Another thing differentiating Allstate is the breadth of our products. 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. It's taking a bit longer than expected. Risk avoidance is the name of the game in insurance. It's taking a bit longer than expected. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 2023 Financial Executives International (FEI) Chicago. 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. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. 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. document.write(new Date().getFullYear()); Allstate Insurance Company. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. The information shown here is a reporting of information included in the company's proxy statement. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Learn More on Mario Rizzo's contact information. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. Jess Merten will assume the Chief. 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. Board of Directors in ALLSTATE CORP There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . 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. 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. This information is according to proxy statements filed for the 2021 fiscal year. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. 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. Log in, Subscribers need to be logged in to see rest of this article. VP & CFO at Allstate Corp. What is the salary of Mr 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.). He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. They sold a total of 176,962 shares worth more than $23,587,115.41. 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. 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 Allstate Corp, the total compensation of Mario Rizzo at Allstate Corp is $4,426,140. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. Owner. For other finance leaders out there, I just want to say: think big. 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. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. As the Exec. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. 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 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). Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension It had never been done before, so we didnt know if it could be done. Information on this page was last updated on 2/22/2023. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. document.write(new Date().getFullYear()); Allstate Insurance Company. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. Oops! The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. Mario Rizzo is the Exec. 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. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Learn More about insider trades at Allstate. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . 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? Salaries posted anonymously by Allstate employees. 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. 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. 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. Please try again. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. 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). Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. He joined the company in 1989. Location data not available. 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'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. 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). Jess Merten will assume the Chief Financial Officer role, leveraging his broad Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. During the last year, insiders at the insurance provider sold shares 3 times. Please enter zip code. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. 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. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter.