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As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Allstate's Leadership Depth Provides Strategic and Operational All proxy statements are public filings made available to the general public by the SEC. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. This report is not for commercial use. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. 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 These products are marketed under the Allstate, Encompass and Esurance brand names. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Please try again. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. 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. 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. He is also on the board of Allstate Life Insurance Co., Uhlich Children's Advantage Network, National General Holdings Corp. and Allstate Global Holdings Ltd. Last updated: 1 March 2023 at 11:00am EST. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. As the Chief Financial Officer and Executive Vice President of Allstate Corp, the total compensation of Mario Rizzo at Allstate Corp is $4,426,140. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Nathan Ellsworth. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . 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? Thorough reviews have been conducted to assure this data accurately reflects disclosures. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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. 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). ( bit.ly/2qpn7uh ) On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? How Much Does Allstate Pay in 2023? (11,583 Salaries) There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. 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 . Jess Merten will assume the Chief. 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. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. They sold a total of 176,962 shares worth more than $23,587,115.41. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Molly Wilson on LinkedIn: Allstate's Plan to Return to Profit in Auto 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. 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. Allstate's Leadership Depth Provides Strategic and Operational Continuity Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. Mario Rizzo Email & Phone Number - Allstate | ZoomInfo Learn More on Mario Rizzo's contact information. As the Chief Financial Officer and Executive Vice President of The Allstate, the total compensation of Mario Rizzo at The Allstate is $4,426,140. 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. Mario Rizzo Net Worth (2023) | wallmine 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. Another thing differentiating Allstate is the breadth of our products. Please enter zip code. Allstate: $307M in January Cat Losses and Keeps the Auto Rate Hikes Coming But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. VP & CFO of Allstate Corp since . This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . Allstate Increases Quarterly Dividend by 50% . He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Coronavirus Tips Working and Protection. We offer a lot beyond typical auto and home insurance. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. 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). 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. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. On average, Mario trades about 3,291 units every 90 days since 2018. Risk avoidance is the name of the game in insurance. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. What is the salary of Mario Rizzo? This report is not for commercial use. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. senior financial executives in the United States and Canada. Thomas J. Wilson - Salary.com 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. This represents a 50% increase from the . Board of Directors in ALLSTATE CORP Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. Phone Email. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Loop Capital Markets client, Allstate, was an underwriter of the event and invited Sidney Dillard to be interviewed by Mario Rizzo, Allstate Chief Financial Officer to discuss Allstate's ground breaking $1.2 billion November 2020 bond transaction where the company utilized an all diverse-owned investment banking syndicate. 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 our future leaders. 100+ "Mario Rizzo" profiles | LinkedIn In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. Mario Rizzo, Allstate CFO, interviews Sidney Dillard during The - Loop While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. 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. 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. It had never been done before, so we didnt know if it could be done. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? 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. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. This article has been edited and condensed. 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Its the most important work we do and its who we are as a company. 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. The information shown here is a reporting of information included in the company's proxy statement. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. document.write(new Date().getFullYear()); Allstate Insurance Company. In addition, he makes $4,426,140 as Chief Financial Officer and Executive Vice President at Allstate Corp. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. He joined the company in 1989. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . We owe it to our customers to offer them industry-leading products at affordable prices. Learn More about Mario Rizzo's net worth. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. What is Mario Rizzo's salary? Together we're building the future of protection. Mario Rizzo Net Worth (2022) | wallmine Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. 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.). 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. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. Mario Rizzo - FEI Chicago Chapter The information shown here is a reporting of information included in the company's proxy statement. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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. Shapiro joined Allstate as chief claims officer in 2016 . Oops! There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. 2023 Financial Executives International (FEI) Chicago. 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. 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 has not been actively trading shares of Allstate during the past quarter. The most recent insider tranaction occured on February, 22nd when CFO Jesse E Merten sold 29,451 shares worth more than $3,951,735.18.

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