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He has held key leadership positions at the company since 1995, including all major operating units. 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). However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. 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. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. Together we can continue to drive systemic change. View Mario Rizzo's colleagues in Allstate Employee Directory. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. What else does Allstates finance leadership do to promote DE&I? Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. During the last year, insiders at the insurance provider sold shares 3 times. Learn More about Mario Rizzo's net worth. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Your update should be done soon. What is your take on integrating sustainability into financial planning? Phone Email. It's taking a bit longer than expected. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Last updated: 1 March 2023 at 11:00am EST. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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). While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. He is also a certified public accountant. document.write(new Date().getFullYear()); Allstate Insurance Company. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. 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 has not been actively trading shares of Allstate during the past quarter. Get notified the next time Mario Rizzo buys or sells Allstate stock. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. Its a complicated issue that requires a comprehensive approach for success. 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. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. There are 24 older and 6 younger executives at Allstate Corp. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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 became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. Shapiro joined Allstate as chief claims officer in 2016 . There are 21 older and 8 younger executives at Allstate Corp. Mr Rizzo is 54, he's been the Exec. On average, Mario trades about 3,291 units every 90 days since 2018. 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. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. Insiders at Allstate own 1.8% of the company. . 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. All Rights Reserved. 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. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Please try again. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. senior financial executives in the United States and Canada. Oops! Learn More on Mario Rizzo's contact information. 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 Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. You may also find the annual proxy statement by going directly to the company's website. The information shown here is a reporting of information included in the company's proxy statement. Location data not available. VP & CFO at Allstate Corp. As the Exec. This represents a 50% increase from the . Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Board of Directors in ALLSTATE CORP 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. How do I contact Mario Rizzo? Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. As the Exec. Chart Data in Insider Trading History Table. Mario Rizzo is the Exec. 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). 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. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. (312) 263-1661 |info@feichicago.org|www.feichicago.org. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Please try again. Please enter zip code. Learn More on Mario Rizzo's trading history. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. 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. 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. 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. 2023 Financial Executives International (FEI) Chicago. 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. 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. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. They sold a total of 176,962 shares worth more than $23,587,115.41. 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. 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. 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. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. 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. 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. The Allstate Corporation What is Mario Rizzo's salary? Opinions expressed by Forbes Contributors are their own. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. The information shown here is a reporting of information included in the company's proxy statement. 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. 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. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Another thing differentiating Allstate is the breadth of our products. 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. He is on the board of directors of St. Laurence High School in Burbank, Illinois. But our solution set is much broader than just reinsurance. What is the salary of Mario Rizzo? For other finance leaders out there, I just want to say: think big. 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. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Lisa Wicka. 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. 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). Last updated: 21 February 2023 at 5:57pm EST. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product?