For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. 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. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. All Rights Reserved. Oops! Last updated: 1 March 2023 at 11:00am EST. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. Oops! Salaries posted anonymously by Allstate employees. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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). Enter your email address below to get our daily insider buying and selling report. Shapiro joined Allstate as chief claims officer in 2016 . Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. 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 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 has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. 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. During the last year, insiders at the insurance provider sold shares 3 times. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? 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. 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. 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 Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Log in, Subscribers need to be logged in to see rest of this article. 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. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. 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.). This represents a 50% increase from the . There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. 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? 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. 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). Risk avoidance is the name of the game in insurance. This article has been edited and condensed. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. Its the most important work we do and its who we are as a company. He has held key leadership positions at the company since 1995, including all major operating units. It's taking a bit longer than expected. 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. He is also a certified public accountant. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. All proxy statements are public filings made available to the general public by the SEC. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Allstate CFO Mario Rizzo. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. . The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. Information on this page was last updated on 2/22/2023. senior financial executives in the United States and Canada. You may also find the annual proxy statement by going directly to the company's website. Chicago CFO of the Year is a registered trademark of FEI Chicago. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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 will become President, Property-Liability, on Sept. 1. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. 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. Learn More on Mario Rizzo's trading history. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. 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. 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. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. Coronavirus Tips Working and Protection. 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. It's taking a bit longer than expected. (312) 263-1661 |info@feichicago.org|www.feichicago.org. 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). Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. 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. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. Allstate Insurance Company. document.write(new Date().getFullYear()); Allstate Insurance Company. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. View Mario Rizzo's colleagues in Allstate Employee Directory. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. This report is not for commercial use. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. 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: 21 February 2023 at 5:57pm EST. We can help protect your phone, your appliances and electronics, and your identity. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. He is on the board of directors of St. Laurence High School in Burbank, Illinois. Please try again. Its a complicated issue that requires a comprehensive approach for success. On average, Mario trades about 3,291 units every 90 days since 2018. 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. Together we're building the future of protection. There are 24 older and 6 younger executives at 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. The information shown here is a reporting of information included in the company's proxy statement. 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. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. Opinions expressed by Forbes Contributors are their own. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. 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. 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 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. Insiders at Allstate own 1.8% of the company. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. Please try again. Learn More on Mario Rizzo's salary. The information shown here is a reporting of information included in the company's proxy statement. Jess Merten will assume the Chief. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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 most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. We owe it to our customers to offer them industry-leading products at affordable prices. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. We have a powerful team that guides us to be bold, innovative and collaborative. Another thing differentiating Allstate is the breadth of our products. 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. 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. But the good news is, if China invades Taiwan, there is a way to protect yourself. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. 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. For other finance leaders out there, I just want to say: think big.