Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. We offer a lot beyond typical auto and home insurance. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. . "Allstate brand implemented auto rate increases totaled $240. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Your update should be done soon. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. 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. Oops! Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. But the good news is, if China invades Taiwan, there is a way to protect yourself. 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Its the most important work we do and its who we are as a company. Insiders at Allstate own 1.8% of the company. The Allstate Corporation Owner. It's taking a bit longer than expected. 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. 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. 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. senior financial executives in the United States and Canada. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. 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? During the last year, insiders at the insurance provider sold shares 3 times. 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 Information on this page was last updated on 2/22/2023. 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 information shown here is a reporting of information included in the company's proxy statement. 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. 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. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. ( bit.ly/2qpn7uh ) 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 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 $0. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. He has served as Senior Vice President and Chief Financial Officer, Allstate Personal Lines of AIC (February 2015 to January 2018); Senior Vice President and Treasurer of The Allstate Corporation (November 2010 to January 2015) and of AIC (November 2010 to February 2015). Allstate Corp executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Your update should be done soon. Finance has been a key part of building our strategy by partnering and collaborating with our businesses and deploying capital to support and accelerate our . He will become President, Property-Liability, on Sept. 1. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. We have modified underwriting, redesigned our homeowners product to better match price with risk and created an internal brokerage to provide customers alternatives for coverage. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. What is the salary of Mario Rizzo? 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. Learn More about Mario Rizzo's net worth. Log in, Subscribers need to be logged in to see rest of this article. Learn More on Mario Rizzo's salary. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? Lisa Wicka. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. 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. 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. This report is not for commercial use. Learn More on Allstate's active insiders. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. Risk avoidance is the name of the game in insurance. 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. 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. 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. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Last updated: 21 February 2023 at 5:57pm EST. But our solution set is much broader than just reinsurance. 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). 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. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. In November 2020 Allstate made DE&I history when it priced $1.2 billion of 5-year and 10-year senior notes through a syndicate exclusively comprised of minority-, women- and veteran-owned business enterprises (MWVBEs). What is Mario Rizzo's salary? Jess Merten will assume the Chief Financial Officer role, leveraging his broad 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. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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. 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, president of Allstate Learn More on Allstate's active insiders. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. Allstate has 54,300 employees. 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. This report is not for commercial use. Please try again. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. 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.
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