mario rizzo allstate salary mario rizzo allstate salary

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.). 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. As the Exec. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Your update should be done soon. Learn More on Mario Rizzo's salary. You have entered an invalid ZIP. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. Allstate has 54,300 employees. Board of Directors in ALLSTATE CORP Allstate's CFO says staying ahead of the curve is. 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. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. The insurer also promoted Shebik as vice chairman. Chart Data in Insider Trading History Table. 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. 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. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. All Rights Reserved. Another thing differentiating Allstate is the breadth of our products. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. These products are marketed under the Allstate, Encompass and Esurance brand names. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. The Cor. Get notified the next time Mario Rizzo buys or sells Allstate stock. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. "Allstate brand implemented auto rate increases totaled $240. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. 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. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. 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. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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). The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. We have a powerful team that guides us to be bold, innovative and collaborative. 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). There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Lisa Wicka. 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. Learn More about Mario Rizzo's net worth. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Mr Rizzo is 54, he's been the Exec. 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. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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 $19,615,700. We began by discussing how Allstate has differentiated itself in a highly commoditized market where cost savings trumps all, and how the finance team historically a risk-averse business area has helped the company stay ahead of the curve. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . Last updated: 21 February 2023 at 5:57pm EST. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. Learn More on Allstate's active insiders. Jess Merten will assume the Chief. But the good news is, if China invades Taiwan, there is a way to protect yourself. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. VP & CFO of Allstate Corp since . It's taking a bit longer than expected. 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. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Allstate Insurance Company. 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. 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During the last year, insiders at the insurance provider sold shares 3 times. Chicago CFO of the Year is a registered trademark of FEI Chicago. 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. 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. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. He is on the board of directors of St. Laurence High School in Burbank, Illinois. 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 Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. Learn More on Mario Rizzo's trading history. 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.). 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 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. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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. 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. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. There are 21 older and 8 younger executives at Allstate Corp. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. Oops! BREAKING: Tiny biotech successfully treats blindness. 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. senior financial executives in the United States and Canada. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? This report is not for commercial use. Phone Email. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. The Allstate Corporation This report is not for commercial use. This represents a 50% increase from the . 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. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. This article has been edited and condensed. Owner. Enter your email address below to get our daily insider buying and selling report. Location data not available. You may also find the annual proxy statement by going directly to the company's website. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. Learn More about Mario Rizzo's net worth. 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. Learn More on Mario Rizzo's trading history. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. You have entered an invalid ZIP. What else does Allstates finance leadership do to promote DE&I? What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. It had never been done before, so we didnt know if it could be done. What is your take on integrating sustainability into financial planning? document.write(new Date().getFullYear()); Allstate Insurance Company. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. What is the salary of Mario Rizzo? Salaries posted anonymously by Allstate employees. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. 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. Location data not available. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. Please enter zip code. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Coronavirus Tips Working and Protection. 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. Last updated: 1 March 2023 at 11:00am EST. 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). Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. For other finance leaders out there, I just want to say: think big. 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.