It had never been done before, so we didnt know if it could be done. Your update should be done soon. All Rights Reserved. Learn More on Allstate's active insiders. It's taking a bit longer than expected. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Learn More about Mario Rizzo's net worth. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. What is the salary of Mario Rizzo? Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. 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. You may also find the annual proxy statement by going directly to the company's website. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Please enter zip code. Location data not available. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Salaries posted anonymously by Allstate employees. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. View Mario Rizzo's colleagues in Allstate Employee Directory. 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. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Last updated: 1 March 2023 at 11:00am EST. 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. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Please enter zip code. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. 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. 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. 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. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . What else does Allstates finance leadership do to promote DE&I? For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. 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. 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. 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). On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Allstate CFO Mario Rizzo. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. 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 Learn More about insider trades at Allstate. 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. 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. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. 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. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Another thing differentiating Allstate is the breadth of our products. Chicago CFO of the Year is a registered trademark of FEI Chicago. VP & CFO at Allstate Corp. As the Exec. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Allstate Corp executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. 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. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. 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. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. But the good news is, if China invades Taiwan, there is a way to protect yourself. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Enter your email address below to get our daily insider buying and selling report. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. 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. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Board of Directors in ALLSTATE CORP 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. 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. Executive Vice President and Chief Financial Officer. 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). For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Information on this page was last updated on 2/22/2023. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. Thorough reviews have been conducted to assure this data accurately reflects disclosures. They sold a total of 176,962 shares worth more than $23,587,115.41. Get notified the next time Mario Rizzo buys or sells Allstate stock. 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. 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 brand implemented auto rate increases totaled $240. The insurer also promoted Shebik as vice chairman. You have entered an invalid ZIP. The information shown here is a reporting of information included in the company's proxy statement. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. Please try again. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. 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. 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 Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. What is your take on integrating sustainability into financial planning? 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). This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. He is also a Certified Public Accountant. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. As the Chief Financial Officer and Executive Vice President of Allstate Corp, the total compensation of Mario Rizzo at Allstate Corp is $4,426,140. Oops! Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . 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. There are 21 older and 8 younger executives at Allstate Corp. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. 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. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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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.).
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