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. Its a complicated issue that requires a comprehensive approach for success. . How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? Together we're building the future of protection. The information shown here is a reporting of information included in the company's proxy statement. What is the salary of Mario Rizzo? 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. 2023 Financial Executives International (FEI) 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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's CFO says staying ahead of the curve is. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . Mario Rizzo Biography and Net Worth - InsiderTrades 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. 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. Location data not available. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. Allstate's Leadership Depth Provides Strategic and Operational Lisa Wicka. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. Allstate Insurance Company. 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. Chart Data in Insider Trading History Table. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. These products are marketed under the Allstate, Encompass and Esurance brand names. Mario Rizzo - Biography 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. Last updated: 1 March 2023 at 11:00am EST. This report is not for commercial use. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. 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). What is the salary of Mario Rizzo? Mario Rizzo Net Worth (2023) | wallmine Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. President, Property-Liability We offer a lot beyond typical auto and home insurance. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. 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. 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 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. document.write(new Date().getFullYear()); Allstate Insurance Company. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. On average, Mario trades about 3,291 units every 90 days since 2018. 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. Mario Rizzo Email & Phone Number - Allstate | ZoomInfo Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Learn More on Allstate's active insiders. 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. Together we can continue to drive systemic change. Financial Executives International (FEI) is the premier association for CFOs and other. But our solution set is much broader than just reinsurance. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. He has held key leadership positions at the company since 1995, including all major operating units. 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 The insurer also promoted Shebik as vice chairman. Mario Rizzo - Executive Vice President and Chief Financial Officer VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. (312) 263-1661 |info@feichicago.org|www.feichicago.org. 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. 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. Opinions expressed by Forbes Contributors are their own. 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 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. 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. 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. 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. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? This report is not for commercial use. Molly Wilson on LinkedIn: Allstate's Plan to Return to Profit in Auto Allstate has 54,300 employees. 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. Mario Rizzo Net Worth (2022) | wallmine Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Learn More on Mario Rizzo's contact information. Allstate's Leadership Depth Provides Strategic and Operational Continuity However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. They sold a total of 176,962 shares worth more than $23,587,115.41. Oops! Allstate Increases Quarterly Dividend by 50% 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. VP & CFO of Allstate Corp since . 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). 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 Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. All proxy statements are public filings made available to the general public by the SEC. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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. Get notified the next time Mario Rizzo buys or sells Allstate stock. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Log in, Subscribers need to be logged in to see rest of this article. Information on this page was last updated on 2/22/2023. Salaries posted anonymously by Allstate employees. 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. 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. 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. This article has been edited and condensed. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. He will become President, Property-Liability, on Sept. 1. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. What else does Allstates finance leadership do to promote DE&I? Do it. Nathan Ellsworth. It's taking a bit longer than expected. Allstate Leadership | Allstate Corporation Mario Rizzo is the Exec. 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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. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. ALLSTATE CORP Executive Salaries & Other Compensation | Salary.com Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. But the good news is, if China invades Taiwan, there is a way to protect yourself. Mario Rizzo Net Worth (2022) | wallmine For other finance leaders out there, I just want to say: think big. 100+ "Mario Rizzo" profiles | LinkedIn 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. The Cor. 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad 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. 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. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. 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? Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. Executive Vice President and Chief Financial Officer. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Allstate shakes up its leadership - Reinsurance News Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. ( bit.ly/2qpn7uh ) Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Allstate's CFO On Driving Change: 'Think Big And Do It!' - Forbes Learn More on Mario Rizzo's trading history. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. It had never been done before, so we didnt know if it could be done. Learn More on Mario Rizzo's salary. 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.). Another thing differentiating Allstate is the breadth of our products. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Your update should be done soon. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . We have a powerful team that guides us to be bold, innovative and collaborative. Allstate Executives Shuffle With Retirement of Property-Liability President Mario Rizzo Net Worth (2022) | wallmine Mario Rizzo Net Worth (2023) | wallmine CA Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. 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).

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