All proxy statements are public filings made available to the general public by the SEC. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. You have entered an invalid ZIP. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. But our solution set is much broader than just reinsurance. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. 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. ( bit.ly/2qpn7uh ) It had never been done before, so we didnt know if it could be done. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. 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? Board of Directors in ALLSTATE CORP In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. 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. Please try again. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. As the Exec. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. "Mario Rizzo, president of Allstate Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. 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). 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. Together we're building the future of protection. Log in, Subscribers need to be logged in to see rest of this article. 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). In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. For other finance leaders out there, I just want to say: think big. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. View Mario Rizzo's colleagues in Allstate Employee Directory. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. 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. 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. Do it. 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. Last updated: 21 February 2023 at 5:57pm EST. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. 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. You have entered an invalid ZIP. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. This article has been edited and condensed. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. VP & CFO at Allstate Corp. As the Exec. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. He is also a Certified Public Accountant. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. 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. 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. You may also find the annual proxy statement by going directly to the company's website. 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'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. 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. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. 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. 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. He has held key leadership positions at the company since 1995, including all major operating units. 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 This represents a 50% increase from the . Allstate's CFO says staying ahead of the curve is. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Learn More on Mario Rizzo's trading history. (312) 263-1661 |info@feichicago.org|www.feichicago.org. 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 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). Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. This report is not for commercial use. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. Nathan Ellsworth. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Learn More about Mario Rizzo's net worth. 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. Learn More about Mario Rizzo's net worth. 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.). 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. These products are marketed under the Allstate, Encompass and Esurance brand names. This report is not for commercial use. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. Please enter zip code. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. 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. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade.
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