The Allstate Corporation Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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). How do I contact Mario Rizzo? He joined the company in 1989. During the last year, insiders at the insurance provider sold shares 3 times. 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. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. As the Exec. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Please try again. All Rights Reserved. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. 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 the Chief Financial Officer and Executive Vice President of The Allstate, the total compensation of Mario Rizzo at The Allstate is $4,426,140. What else does Allstates finance leadership do to promote DE&I? 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. This information is according to proxy statements filed for the 2021 fiscal year. He is also a Certified Public Accountant. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. It's taking a bit longer than expected. 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. We offer a lot beyond typical auto and home insurance. Jess Merten will assume the Chief Financial Officer role, leveraging his broad Get notified the next time Mario Rizzo buys or sells Allstate stock. MOVES-Insurer Allstate names Mario Rizzo as new CFO | Reuters 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). 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. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Allstate names Rizzo to succeed Shapiro as president of property-liability Phone Email. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. 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. 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. The Cor. You may also find the annual proxy statement by going directly to the company's website. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Mario Rizzo Net Worth (2023) | wallmine Shapiro joined Allstate as chief claims officer in 2016 . 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. 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 Learn More on Mario Rizzo's trading history. 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. Salaries posted anonymously by Allstate employees. 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. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. You may also find the annual proxy statement by going directly to the company's website. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. Risk avoidance is the name of the game in insurance. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. 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 the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Please try again. Enter your email address below to get our daily insider buying and selling report. 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. On average, Mario trades about 3,291 units every 90 days since 2018. Please enter zip code. These products are marketed under the Allstate, Encompass and Esurance brand names. Mario Rizzo Net Worth (2023) | wallmine 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 strategy with strategic acquisitions. It's taking a bit longer than expected. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. (312) 263-1661 |info@feichicago.org|www.feichicago.org. Allstate's Leadership Depth Provides Strategic and Operational As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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 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 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. 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. 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 been instrumental in ensuring Allstate's strong capital management and financial flexibility. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. But our solution set is much broader than just reinsurance. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Allstate's CFO On Driving Change: 'Think Big And Do It!' - Forbes VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? 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. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Allstate's Leadership Depth Provides Strategic and Operational Continuity Allstate Announces Senior Leadership Changes 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. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. Learn More on Mario Rizzo's salary. 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 must be sent to every shareholder in advance of the company's annual shareholders meeting. document.write(new Date().getFullYear()); Allstate Insurance Company. What is the salary of Mario Rizzo? If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Mario Rizzo - Biography 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. Mario Rizzo Email & Phone Number - Allstate | ZoomInfo Owner. 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? Learn More on Mario Rizzo's trading history. Mario Rizzo Net Worth (2022) | wallmine 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. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Do it. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Learn More on Allstate's active insiders. He has held key leadership positions at the company since 1995, including all major operating units. 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. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen.
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