mario rizzo allstate salary mario rizzo allstate salary

Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Lisa Wicka. senior financial executives in the United States and Canada. This information is according to proxy statements filed for the 2021 fiscal year. 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 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. 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. View Mario Rizzo's colleagues in Allstate Employee Directory. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. This report is not for commercial use. Learn More about insider trades at Allstate. Your update should be done soon. Learn More on Mario Rizzo's contact information. But our solution set is much broader than just reinsurance. This article has been edited and condensed. 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 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. Information on this page was last updated on 2/22/2023. 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad There are 21 older and 8 younger executives at Allstate Corp. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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 Corporation 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. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. He will become President, Property-Liability, on Sept. 1. 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. 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. 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. Financial Executives International (FEI) is the premier association for CFOs and other. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. 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 Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Location data not available. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. Please enter zip code. 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). The chart on this page features a breakdown of the total annual pay for Mario Rizzo, Executive Vice President and Chief Financial Officer at ALLSTATE CORP as reported in their proxy statements. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. 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. 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. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. 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 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. 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 - 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. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. During the last year, insiders at the insurance provider sold shares 3 times. Mario Rizzo is the Exec. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. Shapiro joined Allstate as chief claims officer in 2016 . Learn More on Mario Rizzo's salary. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. 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. There are 24 older and 6 younger executives at Allstate Corp. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. 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 But the good news is, if China invades Taiwan, there is a way to protect yourself. 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. Together we can continue to drive systemic change. We are a large buyer of catastrophe reinsurance, with a per-occurrence cover that starts at $500 million and exhausts at approximately $5.8 billion, as well as $1 billion in annual aggregate coverage. 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). 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. Allstate. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Mario Rizzo is the Exec. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. . Learn More about Mario Rizzo's net worth. 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. (312) 263-1661 |[email protected]|www.feichicago.org. Mr Rizzo is 54, he's been the Exec. "Mario Rizzo, president of Allstate Oops! On average, Mario trades about 3,291 units every 90 days since 2018. 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 . For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to 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 The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. The information shown here is a reporting of information included in the company's proxy statement. 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. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. 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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. Together we're building the future of protection. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. What else does Allstates finance leadership do to promote DE&I? We offer a lot beyond typical auto and home insurance. 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. 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 was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. We have a powerful team that guides us to be bold, innovative and collaborative. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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 corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. Your update should be done soon. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. Allstate's CFO says staying ahead of the curve is. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. VP & CFO at Allstate Corp. As the Exec. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. "Allstate brand implemented auto rate increases totaled $240. 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. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. Another thing differentiating Allstate is the breadth of our products. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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. This report is not for commercial use. All proxy statements are public filings made available to the general public by the SEC. Its a complicated issue that requires a comprehensive approach for success. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. 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. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. Its the most important work we do and its who we are as a company. For other finance leaders out there, I just want to say: think big. Insiders at Allstate own 1.8% of the company. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Allstate has 54,300 employees. 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. 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. Learn More about Mario Rizzo's net worth. It had never been done before, so we didnt know if it could be done. The Cor. 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. Executive Vice President and Chief Financial Officer. Nathan Ellsworth. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. BREAKING: Tiny biotech successfully treats blindness. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. What is Mario Rizzo's salary? Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. 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. Oops! Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . 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 can see the complete history of Mr. Rizzo stock trades at the bottom of the page. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. 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 He joined the company in 1989. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. 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. He is on the board of directors of St. Laurence High School in Burbank, Illinois. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . Salaries posted anonymously by Allstate employees. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. Chicago CFO of the Year is a registered trademark of FEI Chicago. Learn More on Mario Rizzo's trading history. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Learn More on Allstate's active insiders. Jess Merten will assume the Chief. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. document.write(new Date().getFullYear()); Allstate Insurance Company. All Rights Reserved. We can help protect your phone, your appliances and electronics, and your identity. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Please try again. 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. He has held key leadership positions at the company since 1995, including all major operating units.