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. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Allstate CFO 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). As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Lisa Wicka. What is the salary of Mario Rizzo? The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Your update should be done soon. 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. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . It's taking a bit longer than expected. 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. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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. 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 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 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 Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . 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). Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Learn More on Allstate's active insiders. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. All Rights Reserved. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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. 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. He joined the company in 1989. document.write(new Date().getFullYear()); Allstate Insurance Company. 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. document.write(new Date().getFullYear()); Allstate Insurance Company. 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 - 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. 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 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. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. Mario Rizzo is the Exec. 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 on Mario Rizzo's contact information. On average, Mario trades about 3,291 units every 90 days since 2018. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. . Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. What else does Allstates finance leadership do to promote DE&I? Owner. 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. 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. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. 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. 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. 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 corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. Another thing differentiating Allstate is the breadth of our products. 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. 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. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Oops! 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's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. 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. VP & CFO of Allstate Corp since . "Allstate brand implemented auto rate increases totaled $240. All proxy statements are public filings made available to the general public by the SEC. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. 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. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Together we're building the future of protection. 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 Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. You may also find the annual proxy statement by going directly to the company's website. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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 oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. 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. 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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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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 . Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. 2023 Financial Executives International (FEI) Chicago. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. It's taking a bit longer than expected. They sold a total of 176,962 shares worth more than $23,587,115.41. The Allstate Corporation Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. 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? 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 estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. 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 has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. You have entered an invalid ZIP. These products are marketed under the Allstate, Encompass and Esurance brand names. (312) 263-1661 |info@feichicago.org|www.feichicago.org. 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). This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. Insiders at Allstate own 1.8% of the company. 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. Risk avoidance is the name of the game in insurance. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Mr. Rizzo owns over 25,648 units of Allstate Corp stock worth over $7,992,109 and over the last 5 years he sold ALL stock worth over $0. Oops! Learn More on Allstate's active insiders. Learn More about Mario Rizzo's net worth. 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. Please enter zip code. Your update should be done soon. Its the most important work we do and its who we are as a company. Learn More about insider trades at Allstate. This article has been edited and condensed. 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. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. The information shown here is a reporting of information included in the company's proxy statement. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. All proxy statements are public filings made available to the general public by the SEC. Phone Email. We have a powerful team that guides us to be bold, innovative and collaborative. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Learn More on Mario Rizzo's trading history. This report is not for commercial use. 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. 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. . Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Learn More about Mario Rizzo's net worth. Log in, Subscribers need to be logged in to see rest of this article. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Please try again. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. 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. 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 has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance.