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Learn More on 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. 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. The Cor. 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. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. Please try again. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. We have a powerful team that guides us to be bold, innovative and collaborative. Salaries posted anonymously by Allstate employees. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension VP & CFO of Allstate Corp since . The Allstate Corporation 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. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Allstate Insurance Company. 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). When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. 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. 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. Together we're building the future of protection. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. Coronavirus Tips Working and Protection. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. Learn More on Mario Rizzo's contact information. 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 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. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. Learn More about Mario Rizzo's net worth. 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 It had never been done before, so we didnt know if it could be done. 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. 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). Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. 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 insurer also promoted Shebik as vice chairman. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Jess Merten will assume the Chief Financial Officer role, leveraging his broad There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. 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. 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. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. 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. 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. Last updated: 21 February 2023 at 5:57pm EST. Risk avoidance is the name of the game in insurance. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Chart Data in Insider Trading History Table. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. 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). ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. We offer a lot beyond typical auto and home insurance. 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. 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. As the Exec. Information on this page was last updated on 2/22/2023. Enter your email address below to get our daily insider buying and selling report. 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. ( bit.ly/2qpn7uh ) BREAKING: Tiny biotech successfully treats blindness. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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. Allstate has 54,300 employees. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Please enter zip code. Log in, Subscribers need to be logged in to see rest of this article. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. We owe it to our customers to offer them industry-leading products at affordable prices. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. What is your take on integrating sustainability into financial planning? All Rights Reserved. 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? What is the salary of Mario Rizzo? You may also find the annual proxy statement by going directly to the company's website. Learn More on Mario Rizzo's trading history. He joined the company in 1989. 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). 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? 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 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 Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Location data not available. How do I contact Mario Rizzo? 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. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. It's taking a bit longer than expected. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. But our solution set is much broader than just reinsurance. 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. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. 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. Lisa Wicka. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. 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. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. 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. Learn More about insider trades at Allstate. 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. 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.). 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. Opinions expressed by Forbes Contributors are their own. 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 $75,000 Worth of Tools and Subscriptions to Collision Repair Schools Through CREF, Take the Collision Repair Business Conditions Survey. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . Together we can continue to drive systemic change. Allstate CFO Mario Rizzo. Insiders at Allstate own 1.8% of the company. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. 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. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. senior financial executives in the United States and Canada. He has held key leadership positions at the company since 1995, including all major operating units. Mr Rizzo is 54, he's been the Exec. You may also find the annual proxy statement by going directly to the company's website. What is the salary of Mario Rizzo? Its the most important work we do and its who we are as a company. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. 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. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. 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 has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. 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 . 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. Allstate. What is Mario Rizzo's salary? Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. 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. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. During the last year, insiders at the insurance provider sold shares 3 times. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. 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. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. This report is not for commercial use. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Learn More about Mario Rizzo's net worth. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. Jess Merten will assume the Chief. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. Executive Vice President and Chief Financial Officer. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. wright county mo police scanner, east coweta high school schedule, ,