mario rizzo allstate salary

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 . 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). Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. Chart Data in Insider Trading History Table. Lisa Wicka. VP & CFO at Allstate Corp. As the Exec. 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. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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 offer a lot beyond typical auto and home insurance. 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. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Its the most important work we do and its who we are as a company. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. Learn More about insider trades at Allstate. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. 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. Shapiro joined Allstate as chief claims officer in 2016 . Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Do it. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Learn More on Allstate's active insiders. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. document.write(new Date().getFullYear()); Allstate Insurance Company. Phone Email. He will become President, Property-Liability, on Sept. 1. 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. 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 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. 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. He is on the board of directors of St. Laurence High School in Burbank, Illinois. Allstate CFO Mario Rizzo. 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. For other finance leaders out there, I just want to say: think big. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. 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. 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 Allstate's CFO says staying ahead of the curve is. The information shown here is a reporting of information included in the company's proxy statement. 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. Together we can continue to drive systemic change. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Last updated: 21 February 2023 at 5:57pm EST. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. 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. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. Salaries posted anonymously by Allstate employees. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. All proxy statements are public filings made available to the general public by the SEC. As the Exec. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 2023 Financial Executives International (FEI) Chicago. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. There are 21 older and 8 younger executives at Allstate Corp. What is your take on integrating sustainability into financial planning? Learn More on Mario Rizzo's trading history. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. 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. He has held key leadership positions at the company since 1995, including all major operating units. We can help protect your phone, your appliances and electronics, and your identity. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Executive Vice President and Chief Financial Officer. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Oops! 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. You may also find the annual proxy statement by going directly to the company's website. Learn More on Mario Rizzo's salary. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. 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. Learn More on Allstate's active insiders. All Rights Reserved. Learn More about Mario Rizzo's net worth. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Please try again. 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: Its true that price is a significant differentiator and a key to driving customer satisfaction. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. But our solution set is much broader than just reinsurance. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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). President, Property-Liability 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. Please. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. 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 active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. 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. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. document.write(new Date().getFullYear()); Allstate Insurance Company. 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. This article has been edited and condensed. 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. 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). A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. How do I contact Mario Rizzo? Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. Risk avoidance is the name of the game in insurance. Get notified the next time Mario Rizzo buys or sells Allstate stock. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. The insurer also promoted Shebik as vice chairman. It's taking a bit longer than expected. 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. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. View Mario Rizzo's colleagues in Allstate Employee Directory. During the last year, insiders at the insurance provider sold shares 3 times. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? Opinions expressed by Forbes Contributors are their own. 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. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. 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.). Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. He joined the company in 1989. 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. Oops! Mario Rizzo is the Exec. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. 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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 CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. All proxy statements are public filings made available to the general public by the SEC. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. 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. Learn More on Mario Rizzo's contact information. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Log in, Subscribers need to be logged in to see rest of this article. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. 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. It had never been done before, so we didnt know if it could be done. . 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. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. Mr Rizzo is 54, he's been the Exec. Mario Rizzo is the Exec. 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. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. 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. "Allstate brand implemented auto rate increases totaled $240. You have entered an invalid ZIP. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Please try again. But the good news is, if China invades Taiwan, there is a way to protect yourself. Another thing differentiating Allstate is the breadth of our products. He is also a certified public accountant. (312) 263-1661 |info@feichicago.org|www.feichicago.org. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. This report is not for commercial use. What else does Allstates finance leadership do to promote DE&I? On average, Mario trades about 3,291 units every 90 days since 2018. . Enter your email address below to get our daily insider buying and selling report. Allstate has 54,300 employees. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. 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 $3,501,510 Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. 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. 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. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. 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. 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. This information is according to proxy statements filed for the 2021 fiscal year. What is the salary of Mario Rizzo? 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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.

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