mario rizzo allstate salary mario rizzo allstate salary

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. Coronavirus Tips Working and Protection. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. 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. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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. senior financial executives in the United States and Canada. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. 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. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . He is on the board of directors of St. Laurence High School in Burbank, Illinois. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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 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. Last updated: 21 February 2023 at 5:57pm EST. 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Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. You may also find the annual proxy statement by going directly to the company's website. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. 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. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Learn More about Mario Rizzo's net worth. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Learn More on Mario Rizzo's trading history. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. Salaries posted anonymously by Allstate employees. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. 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. . We offer a lot beyond typical auto and home insurance. Chicago CFO of the Year is a registered trademark of FEI Chicago. 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. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. 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. 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. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . 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. He joined the company in 1989. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Learn More about Mario Rizzo's net worth. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Jess Merten will assume the Chief. What else does Allstates finance leadership do to promote DE&I? It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. The Cor. 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). As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total 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? 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. Learn More on Mario Rizzo's salary. 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. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. Board of Directors in ALLSTATE CORP Please try again. This represents a 50% increase from the . Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. document.write(new Date().getFullYear()); Allstate Insurance Company. 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 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Allstate Insurance Company. Opinions expressed by Forbes Contributors are their own. 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. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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.). As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. You have entered an invalid ZIP. 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 Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? He is also a certified public accountant. 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. Do it. 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. document.write(new Date().getFullYear()); Allstate Insurance Company. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. 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. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. 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 Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. It was reported that Property-Liability earned premium of $10.9bn increased 8.6% in the second quarter of 2022 compared to the prior year quarter, which was driven primarily by higher average premiums and policies in force growth. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . 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). These products are marketed under the Allstate, Encompass and Esurance brand names. The insurer also promoted Shebik as vice chairman. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. It had never been done before, so we didnt know if it could be done. Together we're building the future of protection. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. 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. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. 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. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. Risk avoidance is the name of the game in insurance. VP & CFO at Allstate Corp. As the Exec. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. We owe it to our customers to offer them industry-leading products at affordable prices. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. 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. 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. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. All Rights Reserved. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Learn More on Mario Rizzo's trading history. 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.