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. 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. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. . Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. document.write(new Date().getFullYear()); Allstate Insurance Company. Mr. Rizzo owns over 25,648 units of Allstate Corp stock worth over $7,992,109 and over the last 5 years he sold ALL stock worth over $0. 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, president of Allstate Shapiro joined Allstate as chief claims officer in 2016 . Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. On average, Mario trades about 3,291 units every 90 days since 2018. 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. The Cor. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. What is the salary of Mario Rizzo? (312) 263-1661 |info@feichicago.org|www.feichicago.org. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. 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. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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.). 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. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. All proxy statements are public filings made available to the general public by the SEC. This report is not for commercial use. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Phone Email. 2023 Financial Executives International (FEI) Chicago. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. There are 24 older and 6 younger executives at Allstate Corp. View Mario Rizzo's colleagues in Allstate Employee Directory. They sold a total of 176,962 shares worth more than $23,587,115.41. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. 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 CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Allstate CFO Mario Rizzo. 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. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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 company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. This represents a 50% increase from the . 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. 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. BREAKING: Tiny biotech successfully treats blindness. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. 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. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? 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 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.). Learn More on Allstate's active insiders. Please enter zip code. But the good news is, if China invades Taiwan, there is a way to protect yourself. document.write(new Date().getFullYear()); Allstate Insurance Company. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Please try again. 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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. 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 Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. Jess Merten will assume the Chief Financial Officer role, leveraging his broad All Rights Reserved. Opinions expressed by Forbes Contributors are their own. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. It's taking a bit longer than expected. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. Mario Rizzo is the Exec. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. 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). Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. 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. Board of Directors in ALLSTATE CORP Information on this page was last updated on 2/22/2023. 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. 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. 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. Chart Data in Insider Trading History Table. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe.