mario rizzo allstate salary

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. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . Allstate Executives Shuffle With Retirement of Property-Liability President 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 information shown here is a reporting of information included in the company's proxy statement. 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. Allstate Announces Senior Leadership Changes 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 was named president, Property-Liability, at Allstate effective September 1. He is also a Certified Public Accountant. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. 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 Net Worth (2022) | wallmine For other finance leaders out there, I just want to say: think big. 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. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. Oops! Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Coronavirus Tips Working and Protection. 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. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. Mario Rizzo Net Worth (2023) | wallmine Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . Learn More on Mario Rizzo's salary. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. VP & CFO at Allstate Corp. As the Exec. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Owner. Learn More about Mario Rizzo's net worth. 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 CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. The information shown here is a reporting of information included in the company's proxy statement. Allstate names Rizzo to succeed Shapiro as president of property-liability 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 Together we can continue to drive systemic change. View Mario Rizzo's colleagues in Allstate Employee Directory. Allstate. You have entered an invalid ZIP. But our solution set is much broader than just reinsurance. Shapiro joined Allstate as chief claims officer in 2016 . 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. Salaries posted anonymously by Allstate employees. How do I contact 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. 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. 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 Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. Mario Rizzo | Allstate Corporation Mario Rizzo, Allstate CFO, interviews Sidney Dillard during The - Loop But the good news is, if China invades Taiwan, there is a way to protect yourself. 100+ "Mario Rizzo" profiles | LinkedIn Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. Mario Rizzo - Executive Vice President and Chief Financial Officer 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. Compensation Information for Mario Rizzo, Executive Vice - Salary In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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 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 Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. The insurer also promoted Shebik as vice chairman. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Mario Rizzo Email & Phone Number - Allstate | ZoomInfo Log in, Subscribers need to be logged in to see rest of this article. He is on the board of directors of St. Laurence High School in Burbank, Illinois. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. 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. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Please try again. 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. All proxy statements are public filings made available to the general public by the SEC. Allstate's CFO says staying ahead of the curve is. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. "Mario Rizzo, president of Allstate Learn More on Mario Rizzo's contact information. 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. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. 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. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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. Allstate's Leadership Depth Provides Strategic and Operational Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Allstate's Leadership Depth Provides Strategic and Operational Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. Location data not available. 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? It's taking a bit longer than expected. Allstate Leadership | Allstate Corporation What is your take on integrating sustainability into financial planning? 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. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. It had never been done before, so we didnt know if it could be done. Mario Rizzo - Biography Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Lisa Wicka. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. The Cor. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Do it. The Allstate Health and Benefits offers voluntary benefits and individual life and health products, including life, accident, critical illness, short term disability and other health insurance products sold through workplace enrolling independent agents and Allstate exclusive agencies. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. 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 We owe it to our customers to offer them industry-leading products at affordable prices. document.write(new Date().getFullYear()); Allstate Insurance Company. 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 is Chief Financial Officer, Executive Vice President of the company. MOVES-Insurer Allstate names Mario Rizzo as new CFO | Reuters 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). 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. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Learn More on Allstate's active insiders. 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 . On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. . The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. What else does Allstates finance leadership do to promote DE&I? You have entered an invalid ZIP. What is Mario Rizzo's salary? Jess Merten will assume the Chief. 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 is the Exec. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. Chicago CFO of the Year is a registered trademark of FEI Chicago. Chart Data in Insider Trading History Table. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 2023 Financial Executives International (FEI) Chicago. 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. 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. (312) 263-1661 |info@feichicago.org|www.feichicago.org. It's taking a bit longer than expected. 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. Allstate Selects Only Diverse Investment Banks For $1.2 Billion Bond Deal Financial Executives International (FEI) is the premier association for CFOs and other. Please enter zip code. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. 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.). Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. senior financial executives in the United States and Canada. 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. He is also a certified public accountant. Opinions expressed by Forbes Contributors are their own. President, Property-Liability 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. Your update should be done soon. Thomas J. Wilson - Salary.com There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Insiders at Allstate own 1.8% of the company. Phone Email. All proxy statements are public filings made available to the general public by the SEC. Mario Rizzo Net Worth (2022) | wallmine 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. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. This article has been edited and condensed. document.write(new Date().getFullYear()); Allstate Insurance Company. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. ALLSTATE CORP Executive Salaries & Other Compensation | Salary.com This represents a 50% increase from the . Mario Rizzo - FEI Chicago Chapter 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. 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. 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 proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. 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. You may also find the annual proxy statement by going directly to the company's website. ( bit.ly/2qpn7uh ) This report is not for commercial use. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . Allstate CFO Mario Rizzo. 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). On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Please enter zip code. Last updated: 21 February 2023 at 5:57pm EST. All Rights Reserved. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . We have a powerful team that guides us to be bold, innovative and collaborative. Allstate's CFO On Driving Change: 'Think Big And Do It!' - Forbes 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. VP & CFO of Allstate Corp since . In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. Mario Rizzo Biography and Net Worth - InsiderTrades 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 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 on the board of Allstate Life Insurance Co., Uhlich Children's Advantage Network, National General Holdings Corp. and Allstate Global Holdings Ltd. This report is not for commercial use. Your update should be done soon. 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. Learn More on Allstate's active insiders. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Thorough reviews have been conducted to assure this data accurately reflects disclosures. He will become President, Property-Liability, on Sept. 1. 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. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. Information on this page was last updated on 2/22/2023. Learn More about insider trades at Allstate. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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. Russia's war on Ukraine latest: Putin casts war as battle for nation's survival, India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom, ZIONS BANCORPORATION, NATIONAL ASSOCIATION, Transcript : The Allstate Corporation, Q4 2022 Earnings Call, Feb 02, 2023, Transcript : The Allstate Corporation - Special Call, Allstate Names Jess Merten as Chief Financial Officer, The Allstate Corporation Announces CFO Changes, The Allstate Corporation Announces Executive Changes, Allstate Reports $223 million in July Catastrophe Losses, Raises Rates, Transcript : The Allstate Corporation, Q2 2022 Earnings Call, Aug 04, 2022.

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