mario rizzo allstate salary

Salaries posted anonymously by Allstate employees. 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. This represents a 50% increase from the . 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. Executive Vice President and Chief Financial Officer. 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 will assume the Chief Financial Officer role, leveraging his broad 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? Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. 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. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Learn More on Mario Rizzo's contact information. Allstate. Lisa Wicka. The Cor. Allstate has 54,300 employees. senior financial executives in the United States and Canada. Learn More on Allstate's active insiders. Together we're building the future of protection. What is your take on integrating sustainability into financial planning? While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. This report is not for commercial use. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. 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 future leaders. 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. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. Last updated: 21 February 2023 at 5:57pm EST. 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. 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. Together we can continue to drive systemic change. There are 21 older and 8 younger executives at Allstate Corp. 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. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. 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. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. 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). We can help protect your phone, your appliances and electronics, and your identity. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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 $0. He will become President, Property-Liability, on Sept. 1. Mario Rizzo is the Exec. Thorough reviews have been conducted to assure this data accurately reflects disclosures. We began by discussing how Allstate has differentiated itself in a highly commoditized market where cost savings trumps all, and how the finance team historically a risk-averse business area has helped the company stay ahead of the curve. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . Please. Learn More on Mario Rizzo's salary. Mario Rizzo is the Exec. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Oops! 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. How do I contact Mario Rizzo? Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. 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. 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 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 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. document.write(new Date().getFullYear()); Allstate Insurance Company. 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. 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. Get notified the next time Mario Rizzo buys or sells Allstate stock. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. 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. Oops! VP & CFO of Allstate Corp since . Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. These products are marketed under the Allstate, Encompass and Esurance brand names. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Allstate's CFO says staying ahead of the curve is. 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. Financial Executives International (FEI) is the premier association for CFOs and other. 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. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. 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. It's taking a bit longer than expected. President, Property-Liability Log in, Subscribers need to be logged in to see rest of this article. We have a powerful team that guides us to be bold, innovative and collaborative. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. 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. 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. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. "Mario Rizzo, president of Allstate 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 information is according to proxy statements filed for the 2021 fiscal year. What is the salary of Mario Rizzo? Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. . Jess Merten will assume the Chief. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. You may also find the annual proxy statement by going directly to the company's website. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Location data not available. the fourth largest private passenger auto insurer in the U.S. click here for information on our satisfaction guaranteed subscription options, Collision Repair Industry Production Sets New Record in December, AAA Reports Fear of Self-Driving Cars on the Rise, RDA Executive Director Robert McKenzie Passes Away, CCC Reports Revenue of $782 Million in 2022, Pennsylvania Insurance Department Fines First Acceptance Insurance Company for Misleading Consumers, Chief Automotive Donates $75,000 Worth of Tools and Subscriptions to Collision Repair Schools Through CREF, Take the Collision Repair Business Conditions Survey. What is Mario Rizzo's salary? Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. 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 Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. 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. 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 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. But the good news is, if China invades Taiwan, there is a way to protect yourself. Phone Email. You have entered an invalid ZIP. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . The Allstate Corporation The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. 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. He is also a Certified Public Accountant. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. During the last year, insiders at the insurance provider sold shares 3 times. 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. 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. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. BREAKING: Tiny biotech successfully treats blindness. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. He is on the board of directors of St. Laurence High School in Burbank, Illinois. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. 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 proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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.