The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. 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? 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. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. President, Property-Liability Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. 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. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. Allstate is widely known for the slogan 'You're in Good Hands with 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. We can help protect your phone, your appliances and electronics, and your identity. document.write(new Date().getFullYear()); Allstate Insurance Company. 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. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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. 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. 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 largest trade he's ever made was exercising 25,648 units of Allstate Corp stock on 4 February 2022 worth over $1,811,262. 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. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. Your update should be done soon. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. View Mario Rizzo's colleagues in Allstate Employee Directory. 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. Learn More on Mario Rizzo's salary. 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 Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. 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. The Cor. Information on this page was last updated on 2/22/2023. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? 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. Learn More on Allstate's active insiders. He is also a certified public accountant. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. You have entered an invalid ZIP. But the good news is, if China invades Taiwan, there is a way to protect yourself. Mr Rizzo is 54, he's been the Exec. He has held key leadership positions at the company since 1995, including all major operating units. Learn More on Allstate's active insiders. You may also find the annual proxy statement by going directly to the company's website. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. Executive Vice President and Chief Financial Officer. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. The insurer also promoted Shebik as vice chairman. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. The information shown here is a reporting of information included in the company's proxy statement. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. 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. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Location data not available. What is the salary of Mario Rizzo? Allstate's insider roster includes John Dugenske (Insider), Suren Gupta (EVP), Harriet Harty (EVP), Susan Lees (EVP), Jesse Merten (Insider), Samuel Pilch (VP), John Pintozzi (CAO), Mark Prindiville (EVP), Mario Rizzo (CFO), Steven Shebik (Vice Chairman), Judith Sprieser (Director), Thomas Wilson (CEO), and Matthew Winter (President). Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. 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. You have entered an invalid ZIP. Chicago CFO of the Year is a registered trademark of FEI Chicago. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. 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. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Please try again. Chart Data in Insider Trading History Table. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. He is also a Certified Public Accountant. Allstate CFO Mario Rizzo. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. 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 ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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). 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). It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. 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 Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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 - 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. Mario Rizzo is the Exec. 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. This report is not for commercial use. Rizzo has a bachelor's degree in economics from the University of Michigan and a Master of Business Administration in finance and accounting from the University of Chicago. document.write(new Date().getFullYear()); Allstate Insurance Company. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. 2023 Financial Executives International (FEI) Chicago. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. Allstate has 54,300 employees. 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. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives 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. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. VP & CFO of Allstate Corp since . These products are marketed under the Allstate, Encompass and Esurance brand names. All Rights Reserved. Together we're building the future of protection. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. 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 Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. 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 The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. We offer a lot beyond typical auto and home insurance. 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. 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. 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. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. 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. Learn More about Mario Rizzo's net worth. "Allstate brand implemented auto rate increases totaled $240. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. (312) 263-1661 |info@feichicago.org|www.feichicago.org. 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. Salaries posted anonymously by Allstate employees. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. 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. 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.

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