VP & CFO of Allstate Corp since . 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. The insurer also promoted Shebik as vice chairman. Insiders at Allstate own 1.8% of the company. 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 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. Another thing differentiating Allstate is the breadth of our products. 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. We offer a lot beyond typical auto and home insurance. 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. 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. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. (312) 263-1661 |info@feichicago.org|www.feichicago.org. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. BREAKING: Tiny biotech successfully treats blindness. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Chicago CFO of the Year is a registered trademark of FEI Chicago. 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. Allstate's Leadership Depth Provides Strategic and Operational senior financial executives in the United States and Canada. 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. During the last year, insiders at the insurance provider sold shares 3 times. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. VP & CFO at Allstate Corp. As the Exec. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. 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 Compensation Information for Mario Rizzo, Executive Vice - Salary Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. It's taking a bit longer than expected. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. On average, Mario trades about 3,291 units every 90 days since 2018. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. It had never been done before, so we didnt know if it could be done. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Its a complicated issue that requires a comprehensive approach for success. 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. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Learn More about Mario Rizzo's net worth. Do it. 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 . 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. 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 Biography and Net Worth - InsiderTrades ALLSTATE CORP Executive Salaries & Other Compensation | Salary.com The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. "Allstate brand implemented auto rate increases totaled $240. Nathan Ellsworth. There are 24 older and 6 younger executives at Allstate Corp. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. The information shown here is a reporting of information included in the company's proxy statement. The information shown here is a reporting of information included in the company's proxy statement. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. He is also a Certified Public Accountant. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. Allstate has 54,300 employees. We can help protect your phone, your appliances and electronics, and your identity. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. All Rights Reserved. Mario Rizzo Net Worth (2022) | wallmine Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. Mario Rizzo - FEI Chicago Chapter ( bit.ly/2qpn7uh ) As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Log in, Subscribers need to be logged in to see rest of this article. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. Its the most important work we do and its who we are as a company. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. This report is not for commercial use. We have a powerful team that guides us to be bold, innovative and collaborative. 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, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. 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. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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. 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. Thomas J. Wilson - Salary.com 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 Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Together we can continue to drive systemic change. document.write(new Date().getFullYear()); Allstate Insurance Company. Mario Rizzo Net Worth (2023) | wallmine Get notified the next time Mario Rizzo buys or sells Allstate stock. 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. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? Opinions expressed by Forbes Contributors are their own. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. Owner. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Learn More on Mario Rizzo's trading history. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. 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. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. He has held key leadership positions at the company since 1995, including all major operating units. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. What else does Allstates finance leadership do to promote DE&I? Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Mario Rizzo | Allstate Corporation The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. Allstate Leadership | Allstate Corporation For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Allstate CFO Mario Rizzo. As the Exec. Learn More on Mario Rizzo's trading history. Allstate's CFO On Driving Change: 'Think Big And Do It!' - Forbes 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. Allstate's Leadership Depth Provides Strategic and Operational Continuity 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. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Information on this page was last updated on 2/22/2023. 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This report is not for commercial use. Location data not available. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. 2023 Financial Executives International (FEI) Chicago. He joined the company in 1989. Oops! Mario Rizzo Net Worth (2022) | wallmine 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. You have entered an invalid ZIP. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Learn More on Allstate's active insiders. 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. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. Chart Data in Insider Trading History Table. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. 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. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. 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. 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).