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. 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. Financial Executives International (FEI) is the premier association for CFOs and other. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. We can help protect your phone, your appliances and electronics, and your identity. Oops! We have a powerful team that guides us to be bold, innovative and collaborative. 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. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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. 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. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. All Rights Reserved. Rizzo serves as a member of the finance committee and the governing board of UCAN Chicago, an organization focused on empowering youth to develop into future leaders. Your update should be done soon. "Mario Rizzo, president of Allstate Mario Rizzo Age : 55 Public asset : 7,246,735 USD Country of residence : Unknown Biography of Mario Rizzo 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.). Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Together we're building the future of protection. Coronavirus Tips Working and Protection. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. These products are marketed under the Allstate, Encompass and Esurance brand names. 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. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. But the good news is, if China invades Taiwan, there is a way to protect yourself. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. Lisa Wicka. This article has been edited and condensed. Allstate. President, Property-Liability But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Please. 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 owe it to our customers to offer them industry-leading products at affordable prices. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. VP & CFO of Allstate Corp since . 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. 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. Learn More on Mario Rizzo's trading history. Information on this page was last updated on 2/22/2023. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. As the Exec. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. 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 of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. For other finance leaders out there, I just want to say: think big. The information shown here is a reporting of information included in the company's proxy statement. Oops! document.write(new Date().getFullYear()); Allstate Insurance Company. 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. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. 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. The information shown here is a reporting of information included in the company's proxy statement. 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. 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. Allstate Insurance Company. Phone Email. Learn More on Allstate's active insiders. BREAKING: Tiny biotech successfully treats blindness. He is also a Certified Public Accountant. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. "Allstate brand implemented auto rate increases totaled $240. Learn More on Mario Rizzo's salary. What is the salary of Mario Rizzo? In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. View Mario Rizzo's colleagues in Allstate Employee Directory. This represents a 50% increase from the . The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. On average, Mario trades about 3,291 units every 90 days since 2018. (312) 263-1661 |info@feichicago.org|www.feichicago.org. There are 24 older and 6 younger executives at Allstate Corp. 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. It had never been done before, so we didnt know if it could be done. 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 $0. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . This report is not for commercial use. 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). 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. 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. 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. 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? 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. 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. They sold a total of 176,962 shares worth more than $23,587,115.41. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Risk avoidance is the name of the game in insurance. Jess Merten will assume the Chief. Location data not available. You have entered an invalid ZIP. Together we can continue to drive systemic change. 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. What is Mario Rizzo's salary? Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. Learn More about Mario Rizzo's net worth. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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 most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Jess Merten will assume the Chief Financial Officer role, leveraging his broad Mario Rizzo has not been actively trading shares of Allstate during the past quarter. All Rights Reserved. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. 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 . The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Learn More on Mario Rizzo's contact information. Chart Data in Insider Trading History Table. Allstate CFO Mario Rizzo. 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.