mario rizzo allstate salary

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. 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, 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 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 information is according to proxy statements filed for the 2021 fiscal year. Learn More on Mario Rizzo's trading history. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. The information shown here is a reporting of information included in the company's proxy statement. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. Salaries posted anonymously by Allstate employees. This report is not for commercial use. 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. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Together we're building the future of protection. President, Property-Liability 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 . This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. 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. During the last year, insiders at the insurance provider sold shares 3 times. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. 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 has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. VP & CFO of Allstate Corp since . 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). There are 21 older and 8 younger executives at Allstate Corp. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. 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. Learn More on Allstate's active insiders. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. This article has been edited and condensed. 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 this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. document.write(new Date().getFullYear()); Allstate Insurance Company. Oops! He is also a certified public accountant. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. The information shown here is a reporting of information included in the company's proxy statement. Your update should be done soon. We can help protect your phone, your appliances and electronics, and your identity. 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. These products are marketed under the Allstate, Encompass and Esurance brand names. Jess Merten will assume the Chief Financial Officer role, leveraging his broad Learn More about Mario Rizzo's net worth. View Mario Rizzo's colleagues in Allstate Employee Directory. We used a syndicate made up of only minority-, women- and veteran-owned financial firms to execute a $1.2 billion bond offering the largest corporate debt offering ever led by only diverse firms. 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. Oops! There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Insiders at Allstate own 1.8% of the company. Its a complicated issue that requires a comprehensive approach for success. Get notified the next time Mario Rizzo buys or sells Allstate stock. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. 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. Location data not available. 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. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. 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. All Rights Reserved. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. On average, Mario trades about 3,291 units every 90 days since 2018. All Rights Reserved. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. Board of Directors in ALLSTATE CORP Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. 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. NORTHBROOK, Ill., Feb. 22, 2021 - The Allstate Corporation (NYSE: ALL) board of directors has approved a quarterly dividend of $0.81 cents on each outstanding share of the corporation's common stock, payable in cash on April 1, 2021, to stockholders of record at the close of business on March 4, 2021. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. 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. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. We offer a lot beyond typical auto and home insurance. 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. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. Learn More on Mario Rizzo's salary. 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. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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 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. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Do it. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension Chart Data in Insider Trading History Table. Location data not available. Together we can continue to drive systemic change. 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 represents a 50% increase from the . 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). However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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.). Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Learn More about Mario Rizzo's net worth. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. The Cor. 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. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. 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. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. document.write(new Date().getFullYear()); Allstate Insurance Company. 2023 Financial Executives International (FEI) Chicago. Please try again. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of 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. We owe it to our customers to offer them industry-leading products at affordable prices. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. (312) 263-1661 |info@feichicago.org|www.feichicago.org. He has held key leadership positions at the company since 1995, including all major operating units. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. Learn More on Mario Rizzo's trading history. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Financial Executives International (FEI) is the premier association for CFOs and other. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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. 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. Nathan Ellsworth. Executive Vice President and Chief Financial Officer. All proxy statements are public filings made available to the general public by the SEC. Learn More about insider trades at Allstate. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. Another thing differentiating Allstate is the breadth of our products. Mario Rizzo is the Exec. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? . The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. Mario Rizzo - FEI Chicago Chapter Financial Executives International (FEI) is the premier association for CFO's and other senior financial executives in the United States and Canada.

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