mario rizzo allstate salary mario rizzo allstate salary

This represents a 50% increase from the . On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Please. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . 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. Another thing differentiating Allstate is the breadth of our products. The insurer also promoted Shebik as vice chairman. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. This report is not for commercial use. Log in, Subscribers need to be logged in to see rest of this article. How do I contact Mario Rizzo? All proxy statements are public filings made available to the general public by the SEC. The Cor. Learn More on Mario Rizzo's contact information. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Learn More on Mario Rizzo's salary. Mr Rizzo is 54, he's been the Exec. 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. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Thorough reviews have been conducted to assure this data accurately reflects disclosures. Your update should be done soon. 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. 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. 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). Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Please try again. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Nathan Ellsworth. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. 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 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. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. This information is according to proxy statements filed for the 2021 fiscal year. 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. This article has been edited and condensed. For other finance leaders out there, I just want to say: think big. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Allstate has 54,300 employees. Its a complicated issue that requires a comprehensive approach for success. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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 Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. You may also find the annual proxy statement by going directly to the company's website. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. All proxy statements are public filings made available to the general public by the SEC. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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 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. 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? Its the most important work we do and its who we are as a company. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad We have a powerful team that guides us to be bold, innovative and collaborative. Learn More about Mario Rizzo's net worth. ( bit.ly/2qpn7uh ) Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Mario Rizzo is the Exec. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. The largest trade he's ever made was exercising 25,648 units of Allstate Corp stock on 4 February 2022 worth over $1,811,262. 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). "Allstate brand implemented auto rate increases totaled $240. As the Exec. There are 24 older and 6 younger executives at Allstate Corp. (312) 263-1661 |info@feichicago.org|www.feichicago.org. View Mario Rizzo's colleagues in Allstate Employee Directory. "Mario Rizzo, president of Allstate The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. 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. 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. document.write(new Date().getFullYear()); Allstate Insurance Company. 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 Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Risk avoidance is the name of the game in insurance. 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 Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). 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. What is your take on integrating sustainability into financial planning? Chart Data in Insider Trading History Table. Learn More on Mario Rizzo's trading history. Location data not available. Board of Directors in ALLSTATE CORP 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. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. Learn More on Mario Rizzo's trading history. Opinions expressed by Forbes Contributors are their own. You have entered an invalid ZIP. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. . Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. 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. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. 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. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. 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. 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. 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. 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). Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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. 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. He has held key leadership positions at the company since 1995, including all major operating units. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Together we can continue to drive systemic change. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Executive Vice President and Chief Financial Officer. Please try again. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. Allstate Insurance Company. During the last year, insiders at the insurance provider sold shares 3 times. Get notified the next time Mario Rizzo buys or sells Allstate stock. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. Salaries posted anonymously by Allstate employees. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. 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. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . What else does Allstates finance leadership do to promote DE&I? Jess Merten will assume the Chief. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. 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. 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.