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It's taking a bit longer than expected. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. Learn More about Mario Rizzo's net worth. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. You have entered an invalid ZIP. . Learn More on Mario Rizzo's contact information. Board of Directors in ALLSTATE CORP Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. As the Exec. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . 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. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Please. 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 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 Coronavirus Tips Working and Protection. 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. For other finance leaders out there, I just want to say: think big. 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 . 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. Allstate. This report is not for commercial use. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. 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 is the Exec. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. These products are marketed under the Allstate, Encompass and Esurance brand names. He is also a certified public accountant. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. Please try again. Learn More on Mario Rizzo's trading history. Mr Rizzo is 54, he's been the Exec. This article has been edited and condensed. Allstate's CFO says staying ahead of the curve is. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. The insurer also promoted Shebik as vice chairman. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. 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. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? 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. Please enter zip code. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. 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. Opinions expressed by Forbes Contributors are their own. Its the most important work we do and its who we are as a company. 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. There are 21 older and 8 younger executives at Allstate Corp. Thorough reviews have been conducted to assure this data accurately reflects disclosures. document.write(new Date().getFullYear()); Allstate Insurance Company. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. 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 Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. 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. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. President, Property-Liability 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. 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. He will become President, Property-Liability, on Sept. 1. 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. You have entered an invalid ZIP. The Allstate Corporation Get notified the next time Mario Rizzo buys or sells Allstate stock. Enter your email address below to get our daily insider buying and selling report. Location data not available. 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. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. Jess Merten will assume the Chief Financial Officer role, leveraging his broad Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. . While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. 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. 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. BREAKING: Tiny biotech successfully treats blindness. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. Together we can continue to drive systemic change. VP & CFO at Allstate Corp. As the Exec. VP & CFO of Allstate Corp since . VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. We offer a lot beyond typical auto and home insurance. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. Chicago CFO of the Year is a registered trademark of FEI Chicago. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. What is Mario Rizzo's salary? On average, Mario trades about 3,291 units every 90 days since 2018. Insiders at Allstate own 1.8% of the company. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Its a complicated issue that requires a comprehensive approach for success. This represents a 50% increase from the . All proxy statements are public filings made available to the general public by the SEC. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Owner. They sold a total of 176,962 shares worth more than $23,587,115.41. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. We have a powerful team that guides us to be bold, innovative and collaborative. It had never been done before, so we didnt know if it could be done. 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. 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. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. What is your take on integrating sustainability into financial planning? 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. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. This report is not for commercial use. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. 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. 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 estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. Location data not available. Last updated: 21 February 2023 at 5:57pm EST. How do I contact Mario Rizzo? 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 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, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Jess Merten will assume the Chief. 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. Rizzo has a bachelor's degree in economics from the University of Michigan and a Master of Business Administration in finance and accounting from the University of Chicago. But the good news is, if China invades Taiwan, there is a way to protect yourself. What else does Allstates finance leadership do to promote DE&I? 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. 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). 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. 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. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. 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. . He has held key leadership positions at the company since 1995, including all major operating units. All proxy statements are public filings made available to the general public by the SEC. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. This information is according to proxy statements filed for the 2021 fiscal year. During the last year, insiders at the insurance provider sold shares 3 times. The information shown here is a reporting of information included in the company's proxy statement. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. 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. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. What is the salary of Mario Rizzo? 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