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ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . On average, Mario trades about 3,291 units every 90 days since 2018. What else does Allstates finance leadership do to promote DE&I? As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. 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. 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. This report is not for commercial use. 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. 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 Coronavirus Tips Working and Protection. 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. You have entered an invalid ZIP. 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.). 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. 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. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. What is your take on integrating sustainability into financial planning? 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 . document.write(new Date().getFullYear()); Allstate Insurance Company. 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. President, Property-Liability But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. 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. Please try again. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Owner. Learn More about insider trades 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. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. Shapiro joined Allstate as chief claims officer in 2016 . All Rights Reserved. Enter your email address below to get our daily insider buying and selling report. Together we're building the future of protection. All Rights Reserved. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. He joined the company in 1989. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. What is the salary of Mario Rizzo? Jess Merten will assume the Chief. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. 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. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. 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. 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. senior financial executives in the United States and Canada. (312) 263-1661 |info@feichicago.org|www.feichicago.org. Jess Merten will assume the Chief Financial Officer role, leveraging his broad This represents a 50% increase from the . 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. Your update should be done soon. But our solution set is much broader than just reinsurance. 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. Its the most important work we do and its who we are as a company. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. Your update should be done soon. It's taking a bit longer than expected. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. 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. These products are marketed under the Allstate, Encompass and Esurance brand names. 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 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 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. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. . Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. 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. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. ( bit.ly/2qpn7uh ) Learn More on Mario Rizzo's trading history. All proxy statements are public filings made available to the general public by the SEC. Mr Rizzo is 54, he's been the Exec. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. "Allstate brand implemented auto rate increases totaled $240. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Oops! All proxy statements are public filings made available to the general public by the SEC. 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. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. 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. Learn More on Allstate's active insiders. He will become President, Property-Liability, on Sept. 1. Nathan Ellsworth. 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). On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings.