In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Risk avoidance is the name of the game in insurance. 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. Financial Executives International (FEI) is the premier association for CFOs and other. Please enter zip code. Together we can continue to drive systemic change. 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 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. 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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. Insiders at Allstate own 1.8% of the company. This represents a 50% increase from the . 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. Jess Merten will assume the Chief. 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. 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. 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: Its true that price is a significant differentiator and a key to driving customer satisfaction. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. We can help protect your phone, your appliances and electronics, and your identity. 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. VP & CFO of Allstate Corp since . Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the 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. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Last updated: 21 February 2023 at 5:57pm EST. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. It had never been done before, so we didnt know if it could be done. 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). He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. 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. Your update should be done soon. 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). Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. 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. VP & CFO at Allstate Corp. As the Exec. 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. 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. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. Mr Rizzo is 54, he's been the Exec. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. He is on the board of directors of St. Laurence High School in Burbank, Illinois. The information shown here is a reporting of information included in the company's proxy statement. 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. There are 21 older and 8 younger executives at Allstate Corp. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. The Cor. How do I contact Mario Rizzo? For other finance leaders out there, I just want to say: think big. Learn More on Mario Rizzo's trading history. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. All Rights Reserved. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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. 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). BREAKING: Tiny biotech successfully treats blindness. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. 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 President, Property-Liability Steve Sorenson Executive Vice President, Corporate Business Transformation Bob Toohey Executive Vice President, Chief Human Resources Officer Terrance Williams Executive Vice President and President, Protection Products and Services Meet our board He will become President, Property-Liability, on Sept. 1. 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. 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. 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. Please enter zip code. 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. 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 $25,790 came from other types of compensation. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. Learn More on Mario Rizzo's trading history. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. We offer a lot beyond typical auto and home insurance. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. Enter your email address below to get our daily insider buying and selling report. President, Property-Liability A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. What is the salary of Mario Rizzo? Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. This report is not for commercial use. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. You have entered an invalid ZIP. How has Allstates business model adapted to climate change, where there is no longer a question of if catastrophes will happen, just when? Is Allstate taking a more active role in helping clients implement more sustainable business practices? Get notified the next time Mario Rizzo buys or sells Allstate stock. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. What is the salary of Mario Rizzo? 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. Learn More about Mario Rizzo's net worth. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Please try again. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. 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. 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. "Allstate brand implemented auto rate increases totaled $240. Last updated: 1 March 2023 at 11:00am EST. 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. What is Mario Rizzo's salary? In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. View Mario Rizzo's colleagues in Allstate Employee Directory. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. 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. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. (312) 263-1661 |info@feichicago.org|www.feichicago.org. Salaries posted anonymously by Allstate employees. Chicago CFO of the Year is a registered trademark of FEI Chicago. 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 Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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.
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