Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. 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. Nathan Ellsworth. 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. Location data not available. 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. 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. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. We have a powerful team that guides us to be bold, innovative and collaborative. Location data not available. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Your update should be done soon. Learn More about insider trades at Allstate. He is also a certified public accountant. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. 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? Learn More on Mario Rizzo's contact information. He joined the company in 1989. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. Another thing differentiating Allstate is the breadth of our products. 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. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. President, Property-Liability You may also find the annual proxy statement by going directly to the company's website. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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. BREAKING: Tiny biotech successfully treats blindness. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. Allstate has 54,300 employees. They sold a total of 176,962 shares worth more than $23,587,115.41. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. Allstate's CFO says staying ahead of the curve is. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. 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. 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. 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 received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. 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). Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. We can help protect your phone, your appliances and electronics, and your identity. 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. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. Learn More on Mario Rizzo's trading history. 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. This report is not for commercial use. 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. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Chair, President and Chief Executive Officer, Executive Vice President, Chief Marketing, Customer and Communications Officer, Executive Vice President and Chief Claims Officer, Executive Vice President, Chief Legal Officer, General Counsel and Corporate Secretary, Executive Vice President and General Manager, Allstate Property-Liability Sales and Distribution, Executive Vice President, Product, Property-Liability, Executive Vice President and Chief Financial Officer, Executive Vice President and Chief Operating Officer, Property-Liability, Executive Vice President and Chief Risk Officer, Executive Vice President and President, National General, an Allstate company, Executive Vice President, Corporate Business Transformation, Executive Vice President, Chief Human Resources Officer, Executive Vice President and President, Protection Products and Services. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. What else does Allstates finance leadership do to promote DE&I? 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 Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. ( bit.ly/2qpn7uh ) Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. 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. Last updated: 1 March 2023 at 11:00am EST. 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. It had never been done before, so we didnt know if it could be done. 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 Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. How do I contact Mario Rizzo? Allstate has disclosed that its president of property-liability, Glenn Shapiro, is retiring, effective September 30, with CFO Mario Rizzo taking his place, effective September 1. He is on the board of directors of St. Laurence High School in Burbank, Illinois. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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 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. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Information on this page was last updated on 2/22/2023. 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 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. Risk avoidance is the name of the game in insurance. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. This information is according to proxy statements filed for the 2021 fiscal year. The Cor. Chart Data in Insider Trading History Table. 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. Enter your email address below to get our daily insider buying and selling report. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. 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. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. Learn More on Mario Rizzo's trading history. 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 Mario Rizzo's net worth. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. Last updated: 21 February 2023 at 5:57pm EST. The information shown here is a reporting of information included in the company's proxy statement. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. 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. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Learn More on Allstate's active insiders. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. 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. 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). Learn More on Allstate's active insiders. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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.

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