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. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. Its the most important work we do and its who we are as a company. Mario Rizzo Biography and Net Worth - InsiderTrades Mario Rizzo is the Exec. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Mario Rizzo - Executive Vice President and Chief Financial Officer During the last year, insiders at the insurance provider sold shares 3 times. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. Allstate's CFO says staying ahead of the curve is. Learn More about Mario Rizzo's net worth. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . Oops! 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). Learn More on Mario Rizzo's salary. 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. 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. 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. Learn More on Mario Rizzo's contact information. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. 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. Log in, Subscribers need to be logged in to see rest of this article. 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. Learn More about Mario Rizzo's net worth. We can help protect your phone, your appliances and electronics, and your identity. Opinions expressed by Forbes Contributors are their own. 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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. 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. Financial Executives International (FEI) is the premier association for CFOs and other. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. 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. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. 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. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. He is on the board of directors of St. Laurence High School in Burbank, Illinois. But the good news is, if China invades Taiwan, there is a way to protect yourself. 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. Executive Vice President and Chief Financial Officer. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. BREAKING: Tiny biotech successfully treats blindness. Learn More on Allstate's active insiders. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. He has held key leadership positions at the company since 1995, including all major operating units. Learn More on Mario Rizzo's trading history. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. 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. Insiders at Allstate own 1.8% of the company. As the Exec. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Owner. On average, Mario trades about 3,291 units every 90 days since 2018. 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. document.write(new Date().getFullYear()); Allstate Insurance Company. 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. 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. 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. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Another thing differentiating Allstate is the breadth of our products. 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 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. We have a powerful team that guides us to be bold, innovative and collaborative. View Mario Rizzo's colleagues in Allstate Employee Directory. Allstate Selects Only Diverse Investment Banks For $1.2 Billion Bond Deal It's taking a bit longer than expected. Risk avoidance is the name of the game in insurance. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. This report is not for commercial use. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. 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 Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. 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 . You may also find the annual proxy statement by going directly to the company's website. Phone Email. Please enter zip code. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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. We take a comprehensive approach to managing our property business, with the dual goals of protecting our customers and earning an adequate return on the risks we take. 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. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. "Allstate brand implemented auto rate increases totaled $240. Mario Rizzo Net Worth (2022) | wallmine It had never been done before, so we didnt know if it could be done. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. The insurer also promoted Shebik as vice chairman. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. You have entered an invalid ZIP. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Together we're building the future of protection. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. He is also a certified public accountant. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Mario Rizzo Named to Succeed Retiring Glenn Shapiro as President of For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Location data not available. This represents a 50% increase from the . 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. 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. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. Jess Merten will assume the Chief Financial Officer role, leveraging his broad The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Compensation Information for Mario Rizzo, Executive Vice - Salary Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. 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. 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. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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 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 is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. 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. What is your take on integrating sustainability into financial planning? Location data not available. 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 However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Mario Rizzo Email & Phone Number - Allstate | ZoomInfo Thorough reviews have been conducted to assure this data accurately reflects disclosures. We offer a lot beyond typical auto and home insurance. 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. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. All Rights Reserved. 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. Jess Merten will assume the Chief. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Mario Rizzo Net Worth (2023) | wallmine This information is according to proxy statements filed for the 2021 fiscal year. Mario Rizzo Net Worth (2022) | wallmine Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Lisa Wicka. Allstate Increases Quarterly Dividend by 50% document.write(new Date().getFullYear()); Allstate Insurance Company. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Allstate's Leadership Depth Provides Strategic and Operational Together we can continue to drive systemic change. Enter your email address below to get our daily insider buying and selling report. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. Allstate: $307M in January Cat Losses and Keeps the Auto Rate Hikes Coming