Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. Learn More about Mario Rizzo's net worth. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. BREAKING: Tiny biotech successfully treats blindness. Shapiro joined Allstate as chief claims officer in 2016 . 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). 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). 2023 Financial Executives International (FEI) Chicago. Jess Merten will assume the Chief Financial Officer role, leveraging his broad Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. You may also find the annual proxy statement by going directly to the company's website. Owner. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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 Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Location data not available. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. . Salaries posted anonymously by Allstate employees. There are 24 older and 6 younger executives at Allstate Corp. 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. Financial Executives International (FEI) is the premier association for CFOs and other. 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? Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. 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. ( bit.ly/2qpn7uh ) This report is not for commercial use. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. 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. He is also a certified public accountant. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. document.write(new Date().getFullYear()); Allstate Insurance Company. 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. It had never been done before, so we didnt know if it could be done. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. All Rights Reserved. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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). Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Jess Merten will assume the Chief. Coronavirus Tips Working and Protection. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? 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. Another thing differentiating Allstate is the breadth of our products. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Mario Rizzo is the Exec. 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 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. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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. 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. Opinions expressed by Forbes Contributors are their own. What is your take on integrating sustainability into financial planning? 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. Oops! 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. Please try again. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. All Rights Reserved. We owe it to our customers to offer them industry-leading products at affordable prices. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. 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. 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. 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. VP & CFO of Allstate Corp since . This article has been edited and condensed. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. 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 Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Last updated: 1 March 2023 at 11:00am EST. 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. Insiders at Allstate own 1.8% of the company. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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). Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . What is Mario Rizzo's salary? The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Together we're building the future of protection. "Mario Rizzo, president of Allstate What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Nathan Ellsworth. 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. 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. 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. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. During the last year, insiders at the insurance provider sold shares 3 times. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. As the Exec. The insurer also promoted Shebik as vice chairman. This information is according to proxy statements filed for the 2021 fiscal year. These products are marketed under the Allstate, Encompass and Esurance brand names. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. 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 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. 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. 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. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. 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. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. 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Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. We offer a lot beyond typical auto and home insurance. He is on the board of directors of St. Laurence High School in Burbank, Illinois. Do it. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Learn More on Mario Rizzo's contact information. 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. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. He joined the company in 1989. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. Please. Learn More on Allstate's active insiders. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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 owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. 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. 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 represents a 50% increase from the . Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. All proxy statements are public filings made available to the general public by the SEC. 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. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. 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). Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. 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). (312) 263-1661 |info@feichicago.org|www.feichicago.org.

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