Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Learn More on Allstate's active insiders. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Together we're building the future of protection. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. 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. 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. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. 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. 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). It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. 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 Allstate Insurance Company. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. 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. 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.). You have entered an invalid ZIP. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. 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. What is your take on integrating sustainability into financial planning? As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Please try again. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. View Mario Rizzo's colleagues in Allstate Employee Directory. 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). Mario Rizzo is the Exec. 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 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Learn More on Mario Rizzo's salary. He will become President, Property-Liability, on Sept. 1. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Please enter zip code. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. The insurer also promoted Shebik as vice chairman. Nathan Ellsworth. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. Oops! 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. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. VP & CFO of Allstate Corp since . 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. Allstate. Please. Your update should be done soon. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. During the last year, insiders at the insurance provider sold shares 3 times. 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: Its true that price is a significant differentiator and a key to driving customer satisfaction. senior financial executives in the United States and Canada. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. Learn More on Mario Rizzo's trading history. 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. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. 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. 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. Another thing differentiating Allstate is the breadth of our products. document.write(new Date().getFullYear()); Allstate Insurance Company. We owe it to our customers to offer them industry-leading products at affordable prices. He is also a certified public accountant. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Last updated: 1 March 2023 at 11:00am EST. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? It's taking a bit longer than expected. 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 estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. Jess Merten will assume the Chief Financial Officer role, leveraging his broad Opinions expressed by Forbes Contributors are their own. 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. They sold a total of 176,962 shares worth more than $23,587,115.41. There are 24 older and 6 younger executives at Allstate Corp. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. 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? "Allstate brand implemented auto rate increases totaled $240. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. The Allstate Corporation 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. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. It's taking a bit longer than expected. "Mario Rizzo, president of Allstate 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. You may also find the annual proxy statement by going directly to the company's website. Board of Directors in ALLSTATE CORP Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Shapiro joined Allstate as chief claims officer in 2016 . In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. This represents a 50% increase from the . Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. 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. BREAKING: Tiny biotech successfully treats blindness. 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. But our solution set is much broader than just reinsurance. These products are marketed under the Allstate, Encompass and Esurance brand names. 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. Phone Email. 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. 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. Its the most important work we do and its who we are as a company. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. Its a complicated issue that requires a comprehensive approach for success. The information shown here is a reporting of information included in the company's proxy statement. It had never been done before, so we didnt know if it could be done. 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. (312) 263-1661 |info@feichicago.org|www.feichicago.org. 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. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. 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. Coronavirus Tips Working and Protection. 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. 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 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 proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. . 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. 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). 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. We can help protect your phone, your appliances and electronics, and your identity. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? 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. Financial Executives International (FEI) is the premier association for CFOs and other. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. 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. 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 . 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. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. 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. 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 was named president, Property-Liability, at Allstate effective September 1. ( bit.ly/2qpn7uh ) VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. 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's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Learn More about Mario Rizzo's net worth. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. We have a powerful team that guides us to be bold, innovative and collaborative. Learn More about insider trades at Allstate.
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