mario rizzo allstate salary

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. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. 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. . What else does Allstates finance leadership do to promote DE&I? For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Allstate Announces Senior Leadership Changes What is Mario Rizzo's salary? The Cor. 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 Executives Shuffle With Retirement of Property-Liability President For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Together we're building the future of protection. Mario Rizzo Net Worth (2023) | wallmine CA 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). Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. He will become President, Property-Liability, on Sept. 1. Mario Rizzo | Allstate Corporation The information shown here is a reporting of information included in the company's proxy statement. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Log in, Subscribers need to be logged in to see rest of this article. 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 has been instrumental in ensuring Allstate's strong capital management and financial flexibility. 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. 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. 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. Learn More on Mario Rizzo's contact information. He joined the company in 1989. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. The Allstate Corporation 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. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. We can help parents teach their kids to be safer drivers with our Drivewise telematics offering and, as people have been driving less since the beginning of the pandemic, our pay-per-mile Milewise product has grown dramatically, meeting the evolving driving needs of consumers and encouraging a low-carbon economy. This report is not for commercial use. 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. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. 100+ "Mario Rizzo" profiles | LinkedIn 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). The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. During the last year, insiders at the insurance provider sold shares 3 times. Learn More on Mario Rizzo's salary. ( bit.ly/2qpn7uh ) Allstate names Rizzo to succeed Shapiro as president of property-liability 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 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. 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. Jess Merten will assume the Chief. You have entered an invalid ZIP. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. 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 received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. How do I contact Mario Rizzo? document.write(new Date().getFullYear()); Allstate Insurance Company. Glenn T. Shapiro - Salary.com Mario Rizzo Net Worth (2022) | wallmine Learn More about Mario Rizzo's net worth. Mario Rizzo is the Exec. 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. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. He has held key leadership positions at the company since 1995, including all major operating units. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Mario Rizzo - Biography Rizzo has held numerous senior roles at Allstate during his 33 years with the company, most recently as executive vice president and chief financial officer of The Allstate Corporation and Allstate Insurance Company. 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. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. He is also a certified public accountant. BREAKING: Tiny biotech successfully treats blindness. Its the most important work we do and its who we are as a company. You may also find the annual proxy statement by going directly to the company's website. This report is not for commercial use. Owner. 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. Allstate: $307M in January Cat Losses and Keeps the Auto Rate Hikes Coming 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. ALLSTATE CORP Executive Salaries & Other Compensation | Salary.com They sold a total of 176,962 shares worth more than $23,587,115.41. Allstate has 54,300 employees. Nathan Ellsworth. "Mario Rizzo, president of Allstate Oops! Thorough reviews have been conducted to assure this data accurately reflects disclosures. Coronavirus Tips Working and Protection. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. 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. 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 Mario Rizzo - FEI Chicago Chapter Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. 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. 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 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. Learn More on Allstate's active insiders. 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. 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 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 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. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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. What is the salary of Mario Rizzo? We can help protect your phone, your appliances and electronics, and your identity. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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. 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. Chart Data in Insider Trading History Table. 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. 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.). As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Allstate's Leadership Depth Provides Strategic and Operational Continuity This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Allstate's CFO On Driving Change: 'Think Big And Do It!' - Forbes We owe it to our customers to offer them industry-leading products at affordable prices. 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. This information is according to proxy statements filed for the 2021 fiscal year. It's taking a bit longer than expected. Learn More on Mario Rizzo's trading history. Allstate's Leadership Depth Provides Strategic and Operational Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension All proxy statements are public filings made available to the general public by the SEC. Allstate's CFO says staying ahead of the curve is. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Chicago CFO of the Year is a registered trademark of FEI Chicago. Phone Email. Allstate Insurance Company. What is your take on integrating sustainability into financial planning? Another thing differentiating Allstate is the breadth of our products. View Mario Rizzo's colleagues in Allstate Employee Directory. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. 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. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. You may also find the annual proxy statement by going directly to the company's website. 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. On average, Mario trades about 3,291 units every 90 days since 2018. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. He is also a Certified Public Accountant. It's taking a bit longer than expected. 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. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. The information shown here is a reporting of information included in the company's proxy statement. 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. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. Learn More on Allstate's active insiders. 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. As the Exec. Learn More about insider trades at 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 . But our solution set is much broader than just reinsurance. Please enter zip code. Your update should be done soon. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. Russia's war on Ukraine latest: Putin casts war as battle for nation's survival, India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom, ZIONS BANCORPORATION, NATIONAL ASSOCIATION, Transcript : The Allstate Corporation, Q4 2022 Earnings Call, Feb 02, 2023, Transcript : The Allstate Corporation - Special Call, Allstate Names Jess Merten as Chief Financial Officer, The Allstate Corporation Announces CFO Changes, The Allstate Corporation Announces Executive Changes, Allstate Reports $223 million in July Catastrophe Losses, Raises Rates, Transcript : The Allstate Corporation, Q2 2022 Earnings Call, Aug 04, 2022. 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. How Much Does Allstate Pay in 2023? (11,583 Salaries) 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. Mario Rizzo Biography and Net Worth - InsiderTrades These products are marketed under the Allstate, Encompass and Esurance brand names. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Allstate shakes up its leadership - Reinsurance News 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. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. For other finance leaders out there, I just want to say: think big. document.write(new Date().getFullYear()); Allstate Insurance Company. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. MOVES-Insurer Allstate names Mario Rizzo as new CFO | Reuters For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Opinions expressed by Forbes Contributors are their own. Information on this page was last updated on 2/22/2023. 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. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Your update should be done soon. Insiders at Allstate own 1.8% of the company. 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. Allstate Selects Only Diverse Investment Banks For $1.2 Billion Bond Deal What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Allstate's Leadership Depth Provides Strategic and Operational 2023 Financial Executives International (FEI) Chicago. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets.

Jon Venables Luke Taylor, Articles M