However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Do it. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. Mario Rizzo Net Worth (2022) | wallmine Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. Please try again. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. But our solution set is much broader than just reinsurance. The information shown here is a reporting of information included in the company's proxy statement. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. All proxy statements are public filings made available to the general public by the SEC. Mario Rizzo Net Worth (2023) | wallmine CA 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. 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. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. What else does Allstates finance leadership do to promote DE&I? 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. Allstate. Mario Rizzo Net Worth (2023) | wallmine There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. 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. You have entered an invalid ZIP. Mario Rizzo Named to Succeed Retiring Glenn Shapiro as President of 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. Learn More on Mario Rizzo's salary. What is Mario Rizzo's salary? Allstate Executives Shuffle With Retirement of Property-Liability President 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. 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. Glenn T. Shapiro - Salary.com Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. The Allstate Corporation 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). 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. Mario Rizzo Email & Phone Number - Allstate | ZoomInfo Mario Rizzo has not been actively trading shares of Allstate during the past quarter. 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. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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. This article has been edited and condensed. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. He is also a Certified Public Accountant. This represents a 50% increase from the . For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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. 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. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Mario Rizzo is the Exec. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Risk avoidance is the name of the game in insurance. But the good news is, if China invades Taiwan, there is a way to protect yourself. We have a powerful team that guides us to be bold, innovative and collaborative. On average, Mario trades about 3,291 units every 90 days since 2018. Shapiro joined Allstate as chief claims officer in 2016 . 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. 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. It's taking a bit longer than expected. . Nathan Ellsworth. The insurer also promoted Shebik as vice chairman. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? 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). Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. 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). document.write(new Date().getFullYear()); Allstate Insurance Company. Its the most important work we do and its who we are as a company. What is your take on integrating sustainability into financial planning? 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. All Rights Reserved. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. Jess Merten will assume the Chief. He joined the company in 1989. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Your update should be done soon. Lisa Wicka. document.write(new Date().getFullYear()); Allstate Insurance Company. Mario Rizzo Biography and Net Worth - InsiderTrades Allstate CFO Mario Rizzo. Allstate Insurance Company. 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 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. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. 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.). Mario Rizzo Net Worth (2023) | wallmine Learn More on Mario Rizzo's trading history. Learn More about Mario Rizzo's net worth. Together we can continue to drive systemic change. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Your update should be done soon. "Mario Rizzo, president of Allstate During the last year, insiders at the insurance provider sold shares 3 times. 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 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. Executive Vice President and Chief Financial Officer. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. All proxy statements are public filings made available to the general public by the SEC. . All Rights Reserved. View Mario Rizzo's colleagues in Allstate Employee Directory. 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. Insiders at Allstate own 1.8% of the company. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. What is the salary of Mario Rizzo? (312) 263-1661 |info@feichicago.org|www.feichicago.org. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. Allstate's Leadership Depth Provides Strategic and Operational What is the salary of Mario Rizzo? 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. This report is not for commercial use. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Oops! Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. Mario Rizzo is Chief Financial Officer, Executive Vice President 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. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Mario Rizzo - Biography Allstate shakes up its leadership - Reinsurance News These products are marketed under the Allstate, Encompass and Esurance brand names. 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 Cor. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Compensation Information for Mario Rizzo, Executive Vice - Salary The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. 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 $25,790 came from other types of compensation. Allstate's Leadership Depth Provides Strategic and Operational Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . VP & CFO at Allstate Corp. As the Exec. As the Exec. 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. 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 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. 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 You have entered an invalid ZIP. 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. Molly Wilson on LinkedIn: Allstate's Plan to Return to Profit in Auto 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. This information is according to proxy statements filed for the 2021 fiscal year. Allstate Announces Senior Leadership Changes In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. He is on the board of directors of St. Laurence High School in Burbank, Illinois. Mario Rizzo Net Worth (2022) | wallmine Allstate: $307M in January Cat Losses and Keeps the Auto Rate Hikes Coming Oops! The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Its a complicated issue that requires a comprehensive approach for success. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. It had never been done before, so we didnt know if it could be done. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Learn More on Allstate's active insiders. Location data not available. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. 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. Opinions expressed by Forbes Contributors are their own. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC.
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