. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? Learn More on Mario Rizzo's trading history. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. They sold a total of 176,962 shares worth more than $23,587,115.41. Last updated: 1 March 2023 at 11:00am EST. 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. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. What is the salary of Mario Rizzo? 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. Mario Rizzo Net Worth (2022) | wallmine Do it. 2023 Financial Executives International (FEI) 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. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. 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. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. 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. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. He has held key leadership positions at the company since 1995, including all major operating units. Its a complicated issue that requires a comprehensive approach for success. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. Risk avoidance is the name of the game in insurance. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Allstate's CFO On Driving Change: 'Think Big And Do It!' - Forbes He will become President, Property-Liability, on Sept. 1. document.write(new Date().getFullYear()); Allstate Insurance Company. Its a broad set of actions, covering everything from pay practices and representation goals, to supplier diversity and adding a new racial equity pillar to the corporate foundation. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. 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. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. 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? Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. All proxy statements are public filings made available to the general public by the SEC. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Chicago CFO of the Year is a registered trademark of FEI Chicago. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Log in, Subscribers need to be logged in to see rest of this article. Your update should be done soon. Together we can continue to drive systemic change. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. For other finance leaders out there, I just want to say: think big. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Learn More on Mario Rizzo's salary. All Rights Reserved. MOVES-Insurer Allstate names Mario Rizzo as new CFO | Reuters Get notified the next time Mario Rizzo buys or sells Allstate stock. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. 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. These products are marketed under the Allstate, Encompass and Esurance brand names. Information on this page was last updated on 2/22/2023. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Mario Rizzo is the Exec. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. 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. Nathan Ellsworth. Mr Rizzo is 54, he's been the Exec. Phone Email. VP & CFO of Allstate Corp since . Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. Financial Executives International (FEI) is the premier association for CFOs and other. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. 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. What else does Allstates finance leadership do to promote DE&I? Oops! Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. It had never been done before, so we didnt know if it could be done. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Location data not available. Its the most important work we do and its who we are as a company. 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. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. Allstate Selects Only Diverse Investment Banks For $1.2 Billion Bond Deal There are 5 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. Mario Rizzo - FEI Chicago Chapter Allstate: $307M in January Cat Losses and Keeps the Auto Rate Hikes Coming Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. 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. What is your take on integrating sustainability into financial planning? Mario Rizzo - Executive Vice President and Chief Financial Officer Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. 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. 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad Enter your email address below to get our daily insider buying and selling report. senior financial executives in the United States and Canada. Allstate shakes up its leadership - Reinsurance News View Mario Rizzo's colleagues in Allstate Employee Directory. How do I contact Mario Rizzo? For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Mario Rizzo Net Worth (2022) | wallmine But the good news is, if China invades Taiwan, there is a way to protect yourself. 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. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. Mario Rizzo Biography and Net Worth - InsiderTrades President, Property-Liability What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Coronavirus Tips Working and Protection. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. 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. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Allstate Insurance Company. The Cor. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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 Named to Succeed Retiring Glenn Shapiro as President of Mario Rizzo - Biography Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Allstate's Leadership Depth Provides Strategic and Operational