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. Allstate's CFO says staying ahead of the curve is. 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). He joined the company in 1989. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. 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. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? 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. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. The Allstate Corporation Salaries posted anonymously by Allstate employees. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. And the thing that stands out most to me is that the execution felt just like any other deal that Ive been part of, and it was a resounding success. Its the most important work we do and its who we are as a company. Risk avoidance is the name of the game in insurance. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . 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. 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. 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. We have a powerful team that guides us to be bold, innovative and collaborative. 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. There was some risk in trying something new and different but we started reaching out to other companies for their thoughts, including our partner banks, and without exception the answer was: do it. document.write(new Date().getFullYear()); Allstate Insurance Company. . Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. All proxy statements are public filings made available to the general public by the SEC. But the good news is, if China invades Taiwan, there is a way to protect yourself. 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. Learn More on Mario Rizzo's contact information. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. 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 is widely known for the slogan 'You're in Good Hands with Allstate.'. Mario Rizzo is Executive Vice President and Chief Financial Officer of The Allstate Corporation and Allstate Insurance Company, as well as a member of Allstates Operating Committee. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Do it. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? Learn More about insider trades at Allstate. 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). There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. This information is according to proxy statements filed for the 2021 fiscal year. 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. This represents a 50% increase from the . 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. 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. Mr Rizzo is 54, he's been the Exec. The insurer also promoted Shebik as vice chairman. He will become President, Property-Liability, on Sept. 1. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Learn More on Mario Rizzo's trading history. 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. VP & CFO at Allstate Corp. As the Exec. 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.). There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. 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 Rizzo has not been actively trading shares of Allstate during the past quarter. Allstate Insurance 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. Location data not available. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Your update should be done soon. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. 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. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. 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. He has held key leadership positions at the company since 1995, including all major operating units. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. Allstate has 54,300 employees. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Shapiro joined Allstate as chief claims officer in 2016 . You may also find the annual proxy statement by going directly to the company's website. Oops! It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. 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). This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. This article has been edited and condensed. Learn More on Mario Rizzo's salary. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. "Allstate brand implemented auto rate increases totaled $240. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. For other finance leaders out there, I just want to say: think big. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Allstate's insider roster includes John Dugenske (Insider), Suren Gupta (EVP), Harriet Harty (EVP), Susan Lees (EVP), Jesse Merten (Insider), Samuel Pilch (VP), John Pintozzi (CAO), Mark Prindiville (EVP), Mario Rizzo (CFO), Steven Shebik (Vice Chairman), Judith Sprieser (Director), Thomas Wilson (CEO), and Matthew Winter (President). ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. He has served as Senior Vice President and Chief Financial Officer, Allstate Personal Lines of AIC (February 2015 to January 2018); Senior Vice President and Treasurer of The Allstate Corporation (November 2010 to January 2015) and of AIC (November 2010 to February 2015). Learn More about Mario Rizzo's net worth. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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