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 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. Learn More about insider trades at Allstate. Your update should be done soon. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? We owe it to our customers to offer them industry-leading products at affordable prices. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. 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. 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 Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . It's taking a bit longer than expected. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. "Allstate brand implemented auto rate increases totaled $240. The information shown here is a reporting of information included in the company's proxy statement. 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 Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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. 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. CEO Pay Ratio For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. What is the salary of Mario Rizzo? 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). 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Its a complicated issue that requires a comprehensive approach for success. The Allstate Corporation ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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). Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. 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. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. 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. 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. Do it. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. 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. Location data not available. The insurer also promoted Shebik as vice chairman. You may also find the annual proxy statement by going directly to the company's website. 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. What is your take on integrating sustainability into financial planning? 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. 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. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Risk avoidance is the name of the game in 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Information on this page was last updated on 2/22/2023. Jess Merten will assume the Chief. 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. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. 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. Location data not available. ( bit.ly/2qpn7uh ) Please enter zip code. 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 will assume the Chief Financial Officer role, leveraging his broad There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. All Rights Reserved. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. This information is according to proxy statements filed for the 2021 fiscal year. Learn More on Allstate's active insiders. Oops! Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. 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 on the board of directors of St. Laurence High School in Burbank, Illinois. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. 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. Board of Directors in ALLSTATE CORP There are 21 older and 8 younger executives at Allstate Corp. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. 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. View Mario Rizzo's colleagues in Allstate Employee Directory. Nathan Ellsworth. 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 What else does Allstates finance leadership do to promote DE&I? VP & CFO of Allstate Corp since . 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. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. He has held key leadership positions at the company since 1995, including all major operating units. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. Mr Rizzo is 54, he's been the Exec. 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. Lisa Wicka. He joined the company in 1989. What is Mario Rizzo's salary? This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. Last updated: 21 February 2023 at 5:57pm EST. Another thing differentiating Allstate is the breadth of our products. He is also a Certified Public Accountant. All proxy statements are public filings made available to the general public by the SEC. Chicago CFO of the Year is a registered trademark of FEI Chicago. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. Enter your email address below to get our daily insider buying and selling report. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. 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. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Mario Rizzo is the Exec. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. These products are marketed under the Allstate, Encompass and Esurance brand names. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. 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. The information shown here is a reporting of information included in the company's proxy statement. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Allstate's CFO says staying ahead of the curve is. Log in, Subscribers need to be logged in to see rest of this article. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. 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. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . We can help protect your phone, your appliances and electronics, and your identity. Its the most important work we do and its who we are as a company. You have entered an invalid ZIP. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. document.write(new Date().getFullYear()); Allstate Insurance Company. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. 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. BREAKING: Tiny biotech successfully treats blindness. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets.
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