What is the salary of Mario Rizzo? 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). Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. How do I contact Mario Rizzo? . Location data not available. 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. . 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 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. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of 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. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Get notified the next time Mario Rizzo buys or sells Allstate stock. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. 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. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. 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. 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 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. Allstate has 54,300 employees. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. "Allstate brand implemented auto rate increases totaled $240. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Salaries posted anonymously by Allstate employees. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. But our solution set is much broader than just reinsurance. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. 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. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. For other finance leaders out there, I just want to say: think big. All proxy statements are public filings made available to the general public by the SEC. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. 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. 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. 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. View Mario Rizzo's colleagues in Allstate Employee Directory. 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. 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. This represents a 50% increase from the . 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. 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. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. 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. Owner. 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 . 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.). Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. He is also a certified public accountant. 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. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. In addition, he makes $4,426,140 as Chief Financial Officer and Executive Vice President at Allstate Corp. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. Rizzo serves as a member of the Finance Committee and the Governing Board of UCAN Chicago, an organization focused on empowering youth to develop into our future leaders. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. We have a powerful team that guides us to be bold, innovative and collaborative. Finance has been a key part of building our strategy by partnering and collaborating with our businesses and deploying capital to support and accelerate our strategy with strategic acquisitions. Learn More about insider trades at Allstate. Its a broad set of actions, covering everything from pay practices and representation goals, to supplier diversity and adding a new racial equity pillar to the corporate foundation. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Oops! Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. 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's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Learn More on Mario Rizzo's trading history. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Shapiro joined Allstate as chief claims officer in 2016 . As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. The information shown here is a reporting of information included in the company's proxy statement. He is also a Certified Public Accountant. 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. Learn More on Allstate's active insiders. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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). Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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 proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. 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. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . This report is not for commercial use. Learn More about Mario Rizzo's net worth. 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. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. ( bit.ly/2qpn7uh ) Your update should be done soon. Allstate Insurance Company. He is on the board of directors of St. Laurence High School in Burbank, Illinois. Chicago CFO of the Year is a registered trademark of FEI Chicago. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? What is the salary of Mario Rizzo? Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. Learn More on Mario Rizzo's trading history. Board of Directors in ALLSTATE CORP Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. Please try again. 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 - 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. 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. Do it. 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. Another thing differentiating Allstate is the breadth of our products. 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. 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. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. He will become President, Property-Liability, on Sept. 1. Allstate is widely known for the slogan 'You're in Good Hands with 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. 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. 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He joined the company in 1989. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. These products are marketed under the Allstate, Encompass and Esurance brand names. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. 2023 Financial Executives International (FEI) Chicago. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. 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. (312) 263-1661 |[email protected]|www.feichicago.org. What else does Allstates finance leadership do to promote DE&I? There are 24 older and 6 younger executives at Allstate Corp. BREAKING: Tiny biotech successfully treats blindness. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. What is your take on integrating sustainability into financial planning? 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). 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. 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 board members on its annual proxy statement to the SEC. 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 is the Exec. 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. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. 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.). This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. We offer a lot beyond typical auto and home insurance. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. This report is not for commercial use. Risk avoidance is the name of the game in insurance. It's taking a bit longer than expected. Learn More on Allstate's active insiders. As the Exec. Mario Rizzo is the Exec. 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. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. The Cor. The insurer also promoted Shebik as vice chairman. 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. Learn More on Mario Rizzo's contact information. 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 Please enter zip code. 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. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. Together we can continue to drive systemic change. 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. 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 Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Executive Vice President and Chief Financial Officer. 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. The Allstate Corporation Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Please try again. 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. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. VP & CFO at Allstate Corp. As the Exec. They sold a total of 176,962 shares worth more than $23,587,115.41. document.write(new Date().getFullYear()); Allstate Insurance Company. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . Please enter zip code. Jess Merten will assume the Chief Financial Officer role, leveraging his broad ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. We can help protect your phone, your appliances and electronics, and your identity. But the good news is, if China invades Taiwan, there is a way to protect yourself.