mario rizzo allstate salary mario rizzo allstate salary

The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. 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. All Rights Reserved. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. Phone Email. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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. The information shown here is a reporting of information included in the company's proxy statement. 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. Please enter zip code. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. 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 estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Chair, President and Chief Executive Officer, Executive Vice President, Chief Marketing, Customer and Communications Officer, Executive Vice President and Chief Claims Officer, Executive Vice President, Chief Legal Officer, General Counsel and Corporate Secretary, Executive Vice President and General Manager, Allstate Property-Liability Sales and Distribution, Executive Vice President, Product, Property-Liability, Executive Vice President and Chief Financial Officer, Executive Vice President and Chief Operating Officer, Property-Liability, Executive Vice President and Chief Risk Officer, Executive Vice President and President, National General, an Allstate company, Executive Vice President, Corporate Business Transformation, Executive Vice President, Chief Human Resources Officer, Executive Vice President and President, Protection Products and Services. Thorough reviews have been conducted to assure this data accurately reflects disclosures. The charts on this page feature a breakdown of the total annual pay for the top executives at ALLSTATE CORP as reported in their proxy statements. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. You may also find the annual proxy statement by going directly to the company's website. Together we can continue to drive systemic change. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. Do it. 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. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. All Rights Reserved. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. "Mario Rizzo, president of Allstate Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . 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. 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. Learn More about Mario Rizzo's net worth. 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. Location data not available. What is the salary of Mario Rizzo? Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. 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. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. Oops! This information is according to proxy statements filed for the 2021 fiscal year. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. You have entered an invalid ZIP. Last updated: 1 March 2023 at 11:00am EST. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension Your update should be done soon. 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, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. 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. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. 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. Learn More on Mario Rizzo's contact information. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. Learn More on Allstate's active insiders. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. Allstate's CFO says staying ahead of the curve is. 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. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? Learn More on Mario Rizzo's trading history. Coronavirus Tips Working and Protection. 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. President, Property-Liability 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 The Allstate, the total compensation of Mario Rizzo at The Allstate is $4,426,140. ( bit.ly/2qpn7uh ) 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. Jess Merten will assume the Chief. Shapiro joined Allstate as chief claims officer in 2016 . 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). It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Please. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. We owe it to our customers to offer them industry-leading products at affordable prices. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Its the most important work we do and its who we are as a company. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Information on this page was last updated on 2/22/2023. 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. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Lisa Wicka. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Financial Executives International (FEI) is the premier association for CFOs and other. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. 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. Executive Vice President and Chief Financial Officer. Its a complicated issue that requires a comprehensive approach for success. Location data not available. 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. 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. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. He will become President, Property-Liability, on Sept. 1. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . Allstate has 54,300 employees. There are 24 older and 6 younger executives at Allstate Corp. 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. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. We offer a lot beyond typical auto and home insurance. 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. What else does Allstates finance leadership do to promote DE&I? However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. 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 . He is also a Certified Public Accountant. 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). Owner. 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. He is also a certified public accountant. All proxy statements are public filings made available to the general public by the SEC. Allstate CFO Mario Rizzo. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. 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. We are in the business of taking risk and generating adequate returns on those risks, and we have been managing the impacts of climate change in our homeowners business for many years. What is the salary of Mario Rizzo? As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. "Allstate brand implemented auto rate increases totaled $240. 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. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? . He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Learn More on Mario Rizzo's salary. Learn More about insider trades at 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. There are 21 older and 8 younger executives at Allstate Corp. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. . BREAKING: Tiny biotech successfully treats blindness. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. But our solution set is much broader than just reinsurance. 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. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. The Cor. 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.). 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. Board of Directors in ALLSTATE CORP 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. 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. This represents a 50% increase from the . This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. Allstate Insurance Company. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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). These products are marketed under the Allstate, Encompass and Esurance brand names. 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. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? 2023 Financial Executives International (FEI) Chicago. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. 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. Your update should be done soon. 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. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact 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 strategy with strategic acquisitions. 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. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. The Allstate Corporation Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. Risk avoidance is the name of the game in insurance. Mario Rizzo is the Exec. What is Mario Rizzo's salary? When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. 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Mario Rizzo is the Exec. Learn More on Mario Rizzo's trading history. But the good news is, if China invades Taiwan, there is a way to protect yourself. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. It's taking a bit longer than expected. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. This article has been edited and condensed.