mario rizzo allstate salary mario rizzo allstate salary

As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Location data not available. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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). There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. 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. 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. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. Opinions expressed by Forbes Contributors are their own. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. Learn More on Mario Rizzo's trading history. All proxy statements are public filings made available to the general public by the SEC. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. document.write(new Date().getFullYear()); Allstate Insurance Company. Please enter zip code. 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. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Together we're building the future of protection. Chart Data in Insider Trading History Table. 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. Its the most important work we do and its who we are as a company. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. The insurer also promoted Shebik as vice chairman. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad But the good news is, if China invades Taiwan, there is a way to protect yourself. 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. He is on the board of directors of St. Laurence High School in Burbank, Illinois. This represents a 50% increase from the . When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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 was named president, Property-Liability, at Allstate effective September 1. It had never been done before, so we didnt know if it could be done. Allstate has 54,300 employees. The Cor. 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. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. 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. 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 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. What is Mario Rizzo's salary? This article has been edited and condensed. 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 is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Learn More on Allstate's active insiders. 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. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Enter your email address below to get our daily insider buying and selling report. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. You may also find the annual proxy statement by going directly to the company's website. Learn More on Mario Rizzo's salary. Mario Rizzo is the Exec. 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. 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. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. You have entered an invalid ZIP. What is your take on integrating sustainability into financial planning? 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? This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. VP & CFO at Allstate Corp. What is the salary of Mr 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. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. What is the salary of Mario Rizzo? But our solution set is much broader than just reinsurance. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. 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. How do I contact Mario Rizzo? What else does Allstates finance leadership do to promote DE&I? There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. 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 complicated issue that requires a comprehensive approach for success. 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. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. Board of Directors in ALLSTATE CORP We have a powerful team that guides us to be bold, innovative and collaborative. 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. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . 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 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.). Do it. These products are marketed under the Allstate, Encompass and Esurance brand names. President, Property-Liability Chicago CFO of the Year is a registered trademark of FEI Chicago. 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. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Get notified the next time Mario Rizzo buys or sells Allstate stock. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Location data not available. 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. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. 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. 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. 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 He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. This report is not for commercial use. Thorough reviews have been conducted to assure this data accurately reflects disclosures. We owe it to our customers to offer them industry-leading products at affordable prices. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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 Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk.