mario rizzo allstate 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 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. 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 . 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. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. It's taking a bit longer than expected. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 2023 Financial Executives International (FEI) Chicago. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Learn More on Mario Rizzo's contact information. Oops! "Mario Rizzo, president of Allstate 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. Jess Merten will assume the Chief. Its the most important work we do and its who we are as a company. Coronavirus Tips Working and Protection. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. As the Exec. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Executive Vice President and Chief Financial Officer. The Cor. Learn More on Mario Rizzo's trading history. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. He joined the company in 1989. Chicago CFO of the Year is a registered trademark of FEI Chicago. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . He is also a certified public accountant. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. He is on the board of directors of St. Laurence High School in Burbank, Illinois. Please enter zip code. Rizzo serves as a member of the finance committee and the governing board of UCAN Chicago, an organization focused on empowering youth to develop into future leaders. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Do it. What else does Allstates finance leadership do to promote DE&I? Mario Rizzo Age : 55 Public asset : 7,246,735 USD Country of residence : Unknown Biography of Mario Rizzo Mario Rizzo occupies the position of Chief Financial Officer & Executive Vice President for The Allstate Corp. and Chief Financial Officer & Executive Vice President of Allstate Insurance Co. (a subsidiary of The Allstate Corp.). Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . 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. He is also a Certified Public Accountant. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. This represents a 50% increase from the . 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. All Rights Reserved. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. The Protection Services provides a range of products and services that expand and enhance customer value propositions including SquareTrade, Arity, Allstate Roadside and Allstate Dealer Services. document.write(new Date().getFullYear()); Allstate Insurance Company. 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). . 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 estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. You have entered an invalid ZIP. 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). Log in, Subscribers need to be logged in to see rest of this article. There are 21 older and 8 younger executives at Allstate Corp. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Executive Vice President and Chief Financial Officer The Allstate Corporation Jan 2018 - Present5 years 2 months Northbrook, Illinois Senior Vice President and CFO, Allstate Personal Lines. Salaries posted anonymously by Allstate employees. Learn More on Allstate's active insiders. 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. 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. . Jess Merten will assume the Chief Financial Officer role, leveraging his broad 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. The Allstate Corporation 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. 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. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Please. Mario Rizzo Executive Vice President and Chief Financial Officer, The Allstate Corporation Northbrook, IL The Allstate Corporation, +1 more Mario Rizzo Back-end developer Greater Naples. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. All proxy statements are public filings made available to the general public by the SEC. Nathan Ellsworth. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. Allstate Insurance Company. But the good news is, if China invades Taiwan, there is a way to protect yourself. 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. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . During the last year, insiders at the insurance provider sold shares 3 times. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. For other finance leaders out there, I just want to say: think big. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. BREAKING: Tiny biotech successfully treats blindness. 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. What is Mario Rizzo's salary? 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. What is the salary of Mario Rizzo? 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. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. It had never been done before, so we didnt know if it could be done. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. 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? 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 Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. We have a powerful team that guides us to be bold, innovative and collaborative. The information shown here is a reporting of information included in the company's proxy statement. How do I contact Mario Rizzo? 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. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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 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. Learn More about Mario Rizzo's net worth. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Lisa Wicka. Allstate. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. Together we're building the future of protection. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. Allstate has 54,300 employees. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. They sold a total of 176,962 shares worth more than $23,587,115.41. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Your update should be done soon. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. It's taking a bit longer than expected. (312) 263-1661 |info@feichicago.org|www.feichicago.org. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Last updated: 21 February 2023 at 5:57pm EST. 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 Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. ( bit.ly/2qpn7uh ) Please try again. This article has been edited and condensed. 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. Learn More on Mario Rizzo's trading history. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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 began by discussing how Allstate has differentiated itself in a highly commoditized market where cost savings trumps all, and how the finance team historically a risk-averse business area has helped the company stay ahead of the curve. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. You may also find the annual proxy statement by going directly to the company's website. We can help protect your phone, your appliances and electronics, and your identity. 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. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. He has held key leadership positions at the company since 1995, including all major operating units. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. 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. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. 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 As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. Mr Rizzo is 54, he's been the Exec. Last updated: 1 March 2023 at 11:00am EST. 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. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. Location data not available. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Information on this page was last updated on 2/22/2023. 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 Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. We offer a lot beyond typical auto and home insurance. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. All proxy statements are public filings made available to the general public by the SEC. 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. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension 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. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Insiders at Allstate own 1.8% of the company. 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 $5,500,995 Q Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. Please try again. 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 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.

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