Thorough reviews have been conducted to assure this data accurately reflects disclosures. He is on the board of directors of St. Laurence High School in Burbank, Illinois. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. View Mario Rizzo's colleagues in Allstate Employee Directory. He is also a certified public accountant. Allstate Executives Shuffle With Retirement of Property-Liability President 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. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. 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. Location data not available. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. 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. How do I contact Mario Rizzo? Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. 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. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. 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. Please try again. BREAKING: Tiny biotech successfully treats blindness. We offer a lot beyond typical auto and home insurance. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. All Rights Reserved. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Your update should be done soon. What is Mario Rizzo's salary? 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. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. But our solution set is much broader than just reinsurance. Please enter zip code. We can help protect your phone, your appliances and electronics, and your identity. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension Learn More on Allstate's active insiders. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. . 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 We have a powerful team that guides us to be bold, innovative and collaborative. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. The Cor. Allstate Increases Quarterly Dividend by 50% For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. And the thing that stands out most to me is that the execution felt just like any other deal that Ive been part of, and it was a resounding success. 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. All proxy statements are public filings made available to the general public by the SEC. Mario Rizzo Net Worth (2023) | wallmine CA 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? Learn More about Mario Rizzo's net worth. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. 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. The insurer also promoted Shebik as vice chairman. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. 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. 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. 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 shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Your update should be done soon. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. 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. 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 Allstate Corp, the total compensation of Mario Rizzo at Allstate Corp is $4,426,140. 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. This report is not for commercial use. 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 proxy statements are public filings made available to the general public by the SEC. Allstate. But the good news is, if China invades Taiwan, there is a way to protect yourself. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. 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. Learn More on Mario Rizzo's trading history. It was reported that Property-Liability earned premium of $10.9bn increased 8.6% in the second quarter of 2022 compared to the prior year quarter, which was driven primarily by higher average premiums and policies in force growth. Together we can continue to drive systemic change. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . 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.). Allstate's CFO says staying ahead of the curve is. 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. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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). 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. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. 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. Allstate: $307M in January Cat Losses and Keeps the Auto Rate Hikes Coming Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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). Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. He has held key leadership positions at the company since 1995, including all major operating units. 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 estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. Allstate names Rizzo to succeed Shapiro as president of property-liability This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Allstate CFO Mario Rizzo. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. There are 24 older and 6 younger executives at Allstate Corp. Thomas J. Wilson - Salary.com 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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 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. VP & CFO of Allstate Corp since . In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. "Allstate brand implemented auto rate increases totaled $240. 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 It's taking a bit longer than expected. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. All Rights Reserved. Lisa Wicka. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. document.write(new Date().getFullYear()); Allstate Insurance Company. 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. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. 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. For other finance leaders out there, I just want to say: think big. 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. Please. Executive Vice President and Chief Financial Officer. 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. Allstate's Leadership Depth Provides Strategic and Operational Continuity Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. 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. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? It's taking a bit longer than expected. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. He will become President, Property-Liability, on Sept. 1. This information is according to proxy statements filed for the 2021 fiscal year. Allstate's Leadership Depth Provides Strategic and Operational 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 . Do it. We owe it to our customers to offer them industry-leading products at affordable prices. 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. 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. You may also find the annual proxy statement by going directly to the company's website. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. What else does Allstates finance leadership do to promote DE&I? You have entered an invalid ZIP. You may also find the annual proxy statement by going directly to the company's website. Location data not available. 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). How Much Does Allstate Pay in 2023? (11,583 Salaries) There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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Mario Rizzo is the Exec. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 100+ "Mario Rizzo" profiles | LinkedIn document.write(new Date().getFullYear()); Allstate Insurance Company. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Mario Rizzo, Allstate CFO, interviews Sidney Dillard during The - Loop 2023 Financial Executives International (FEI) Chicago. Phone Email. Allstate's Leadership Depth Provides Strategic and Operational Its the most important work we do and its who we are as a company. Mr Rizzo is 54, he's been the Exec. 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). There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Oops! Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Mario Rizzo - Executive Vice President and Chief Financial Officer Molly Wilson on LinkedIn: Allstate's Plan to Return to Profit in Auto Allstate shakes up its leadership - Reinsurance News Please try again. MOVES-Insurer Allstate names Mario Rizzo as new CFO | Reuters 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.). Chicago CFO of the Year is a registered trademark of FEI Chicago. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. This article has been edited and condensed. Learn More on Mario Rizzo's contact information. Allstate Leadership | Allstate Corporation Log in, Subscribers need to be logged in to see rest of this article. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Last updated: 1 March 2023 at 11:00am EST. Mario Rizzo Net Worth (2023) | wallmine 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. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. 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. 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. As the Exec. Risk avoidance is the name of the game in insurance. 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. 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. "Mario Rizzo, president of Allstate ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Opinions expressed by Forbes Contributors are their own. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Financial Executives International (FEI) is the premier association for CFOs and other. 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. Jess Merten will assume the Chief. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. 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.