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. Insiders at Allstate own 1.8% of the company. Board of Directors in ALLSTATE CORP What else does Allstates finance leadership do to promote DE&I? Together we're building the future of protection. Jess Merten will assume the Chief Financial Officer role, leveraging his broad 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. He is also a certified public accountant. Owner. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. 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. 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. Financial Executives International (FEI) is the premier association for CFOs and other. Allstate. ( bit.ly/2qpn7uh ) All Rights Reserved. This report is not for commercial use. 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. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. Another thing differentiating Allstate is the breadth of our products. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Your update should be done soon. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Mario Rizzo Glenn T. Shapiro BASE PAY $836,539 BONUS + INCENTIVE COMP $1,906,680 TOTAL CASH COMPENSATION $2,743,219 STOCK AWARD VALUE $1,621,454 OPTION AWARD VALUE $1,101,729 TOTAL EQUITY $2,723,183 TOTAL OTHER $34,593 TOTAL COMPENSATION $5,500,995 Q 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. 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. We owe it to our customers to offer them industry-leading products at affordable prices. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. They sold a total of 176,962 shares worth more than $23,587,115.41. Please try again. Allstate Insurance Company. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. 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. View Mario Rizzo's colleagues in Allstate Employee Directory. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Learn More on Mario Rizzo's salary. 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 CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. 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. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. During the last year, insiders at the insurance provider sold shares 3 times. 2023 Financial Executives International (FEI) Chicago. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. 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). 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. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. We offer a lot beyond typical auto and home insurance. 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. 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. 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. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. 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. 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. 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. 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. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? Last updated: 21 February 2023 at 5:57pm EST. 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. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Information on this page was last updated on 2/22/2023. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Please try again. The Cor. 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. The Allstate Corporation But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. 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. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. 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. Enter your email address below to get our daily insider buying and selling report. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. Allstate's CFO says staying ahead of the curve is. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. He is on the board of directors of St. Laurence High School in Burbank, Illinois. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. 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. Executive Vice President and Chief Financial Officer. Allstate has disclosed that its president of property-liability, Glenn Shapiro, is retiring, effective September 30, with CFO Mario Rizzo taking his place, effective September 1. 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's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Mr Rizzo is 54, he's been the Exec. 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. It's taking a bit longer than expected. Last updated: 1 March 2023 at 11:00am EST. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. What is the salary of Mario Rizzo? Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk.
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