Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. He joined the company in 1989. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. We used a syndicate made up of only minority-, women- and veteran-owned financial firms to execute a $1.2 billion bond offering the largest corporate debt offering ever led by only diverse firms. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . 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. All proxy statements are public filings made available to the general public by the SEC. He has held key leadership positions at the company since 1995, including all major operating units. Learn More on Mario Rizzo's contact information. 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 is Chief Financial Officer, Executive Vice President of the company. These products are marketed under the Allstate, Encompass and Esurance brand names. Your update should be done soon. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Log in, Subscribers need to be logged in to see rest of this article. President, Property-Liability The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? 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. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. 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, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. This information is according to proxy statements filed for the 2021 fiscal year. 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. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Chart Data in Insider Trading History Table. Location data not available. He is also a certified public accountant. Learn More on Mario Rizzo's trading history. 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. Location data not available. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. 2023 Financial Executives International (FEI) Chicago. 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. 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. "Mario Rizzo, president of Allstate Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Coronavirus Tips Working and Protection. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. He is on the board of directors of St. Laurence High School in Burbank, Illinois. 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. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Lisa Wicka. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . 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. The Allstate Corporation As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. 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. Please enter zip code. 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). All Rights Reserved. Mr Rizzo is 54, he's been the Exec. senior financial executives in the United States and Canada. All Rights Reserved. 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 was named president, Property-Liability, at Allstate effective September 1. Learn More about Mario Rizzo's net worth. Last updated: 1 March 2023 at 11:00am EST. Please try again. Nathan Ellsworth. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. 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. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Learn More on Mario Rizzo's salary. Learn More on Allstate's active insiders. 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. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. 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. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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? The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. We can help protect your phone, your appliances and electronics, and your identity. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. Mario Rizzo is the Exec. VP & CFO of Allstate Corp since . While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. Learn More on Allstate's active insiders. All proxy statements are public filings made available to the general public by the SEC. It had never been done before, so we didnt know if it could be done. Oops! The information shown here is a reporting of information included in the company's proxy statement. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. 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. Financial Executives International (FEI) is the premier association for CFOs and other. How do I contact Mario Rizzo? Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. 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. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. Information on this page was last updated on 2/22/2023. This report is not for commercial use. Executive Vice President and Chief Financial Officer. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Get notified the next time Mario Rizzo buys or sells Allstate stock. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Mario Rizzo is the Exec. 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. 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. 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. Its a complicated issue that requires a comprehensive approach for success. You have entered an invalid ZIP. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. 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 has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. Insiders at Allstate own 1.8% of the company. He is also a Certified Public Accountant. 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. 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. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. Allstate CFO Mario Rizzo. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Mario Rizzo Age : 55 Public asset : 7,246,735 USD Country of residence : Unknown Biography of Mario Rizzo 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.). The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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. 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. This represents a 50% increase from the . "Allstate brand implemented auto rate increases totaled $240. 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 $25,790 came from other types of compensation. It's taking a bit longer than expected. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. 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. 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 Jess Merten will assume the Chief Financial Officer role, leveraging his broad You may also find the annual proxy statement by going directly to the company's website. For other finance leaders out there, I just want to say: think big. Learn More on Mario Rizzo's trading history. Owner. 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). 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. 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. 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. 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). The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. On average, Mario trades about 3,291 units every 90 days since 2018. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Another thing differentiating Allstate is the breadth of our products. . The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . 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. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Risk avoidance is the name of the game in insurance. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. There are 24 older and 6 younger executives at Allstate Corp. 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. View Mario Rizzo's colleagues in Allstate Employee Directory. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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). They sold a total of 176,962 shares worth more than $23,587,115.41. 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. You may also find the annual proxy statement by going directly to the company's website. During the last year, insiders at the insurance provider sold shares 3 times. It's taking a bit longer than expected. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Do it. VP & CFO at Allstate Corp. As the Exec. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. What else does Allstates finance leadership do to promote DE&I? If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. What is your take on integrating sustainability into financial planning? He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. 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. BREAKING: Tiny biotech successfully treats blindness. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. The Cor. Please. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Allstate's CFO says staying ahead of the curve is. 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. This article has been edited and condensed. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. 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). Enter your email address below to get our daily insider buying and selling report. Chicago CFO of the Year is a registered trademark of FEI Chicago. But our solution set is much broader than just reinsurance. But the good news is, if China invades Taiwan, there is a way to protect yourself. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. 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). 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. We have a powerful team that guides us to be bold, innovative and collaborative. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. What is Mario Rizzo's salary? Its the most important work we do and its who we are as a company. 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. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. 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. 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 - 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. 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. Together we can continue to drive systemic change. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. The information shown here is a reporting of information included in the company's proxy statement. Please enter zip code. 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 has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. Learn More about insider trades at Allstate. 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. 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