All Rights Reserved. Learn More on Mario Rizzo's salary. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Last updated: 1 March 2023 at 11:00am EST. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. Mario Rizzo is Chief Financial Officer, Executive Vice President 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 Log in, Subscribers need to be logged in to see rest of this article. What is the salary of Mario Rizzo? The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. All proxy statements are public filings made available to the general public by the SEC. 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. Executive Vice President and Chief Financial Officer. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Learn More on Mario Rizzo's trading history. Together we're building the future of protection. 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. 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 has 54,300 employees. Shapiro joined Allstate as chief claims officer in 2016 . In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. We offer a lot beyond typical auto and home insurance. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. Learn More about Mario Rizzo's net worth. You may also find the annual proxy statement by going directly to the company's website. 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. 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. We can help protect your phone, your appliances and electronics, and your identity. Chart Data in Insider Trading History Table. 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 estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. VP & CFO at Allstate Corp. As the Exec. 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. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. They sold a total of 176,962 shares worth more than $23,587,115.41. 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. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. It's taking a bit longer than expected. Together we can continue to drive systemic change. Learn More about insider trades at Allstate. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. Allstate's CFO says staying ahead of the curve is. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Allstate Insurance Company. What is your take on integrating sustainability into financial planning? We have a powerful team that guides us to be bold, innovative and collaborative. The Allstate Corporation Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. document.write(new Date().getFullYear()); Allstate Insurance Company. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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 The information shown here is a reporting of information included in the company's proxy statement. Thorough reviews have been conducted to assure this data accurately reflects disclosures. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. 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. 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. Insiders at Allstate own 1.8% of the company. 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. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. 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. 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. 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 this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. Learn More on Mario Rizzo's trading history. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. 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. There are 21 older and 8 younger executives at Allstate Corp. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. He is also a Certified Public Accountant. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. You have entered an invalid ZIP. Please try again. 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. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Your update should be done soon. Chicago CFO of the Year is a registered trademark of FEI Chicago. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Opinions expressed by Forbes Contributors are their own. Phone Email. 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. Please enter zip code. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. But our solution set is much broader than just reinsurance. Owner. Another thing differentiating Allstate is the breadth of our products. Location data not available. Location data not available. What else does Allstates finance leadership do to promote DE&I? Allstate. 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. Oops! 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. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Please. You may also find the annual proxy statement by going directly to the company's website. Learn More on Mario Rizzo's contact information. During the last year, insiders at the insurance provider sold shares 3 times. 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.
Master Hearing Rescheduled, Articles M