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But the good news is, if China invades Taiwan, there is a way to protect yourself. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. You have entered an invalid ZIP. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. Oops! 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 Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. "Mario Rizzo, president of Allstate 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. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. 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. 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. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. Chart Data in Insider Trading History Table. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. 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. 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. What else does Allstates finance leadership do to promote DE&I? If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. 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. 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. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? 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 . The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. We owe it to our customers to offer them industry-leading products at affordable prices. 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. 2023 Financial Executives International (FEI) Chicago. 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. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . 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. Allstate has 54,300 employees. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. View Mario Rizzo's colleagues in Allstate Employee Directory. Your update should be done soon. Insiders at Allstate own 1.8% of the company. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Board of Directors in ALLSTATE CORP 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. 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. Location data not available. What is your take on integrating sustainability into financial planning? The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. He is also a Certified Public Accountant. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Lisa Wicka. Enter your email address below to get our daily insider buying and selling report. Please. Learn More on Allstate's active insiders. 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. 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. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . 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). President, Property-Liability Financial Executives International (FEI) is the premier association for CFOs and other. All Rights Reserved. This article has been edited and condensed. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. VP & CFO of Allstate Corp since . Mr Rizzo is 54, he's been the Exec. Your update should be done soon. 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. During the last year, insiders at the insurance provider sold shares 3 times. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Allstate. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. We offer a lot beyond typical auto and home insurance. 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 oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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 CEO pay ratio data on its annual proxy statement to the SEC. The information shown here is a reporting of information included in the company's proxy statement. Mario Rizzo is the Exec. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. There are 24 older and 6 younger executives at Allstate Corp. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. What is Mario Rizzo's salary? The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. This report is not for commercial use. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? Last updated: 21 February 2023 at 5:57pm EST. Get notified the next time Mario Rizzo buys or sells Allstate stock. 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. He is on the board of directors of St. Laurence High School in Burbank, Illinois. They sold a total of 176,962 shares worth more than $23,587,115.41. Another thing differentiating Allstate is the breadth of our products. BREAKING: Tiny biotech successfully treats blindness. Location data not available. Chair, President and Chief Executive Officer, Executive Vice President, Chief Marketing, Customer and Communications Officer, Executive Vice President and Chief Claims Officer, Executive Vice President, Chief Legal Officer, General Counsel and Corporate Secretary, Executive Vice President and General Manager, Allstate Property-Liability Sales and Distribution, Executive Vice President, Product, Property-Liability, Executive Vice President and Chief Financial Officer, Executive Vice President and Chief Operating Officer, Property-Liability, Executive Vice President and Chief Risk Officer, Executive Vice President and President, National General, an Allstate company, Executive Vice President, Corporate Business Transformation, Executive Vice President, Chief Human Resources Officer, Executive Vice President and President, Protection Products and Services. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. Learn More about Mario Rizzo's net worth. For other finance leaders out there, I just want to say: think big. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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). Please enter zip code. 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). Its a complicated issue that requires a comprehensive approach for success. Learn More on Mario Rizzo's trading history. Learn More about Mario Rizzo's net worth. VP & CFO at Allstate Corp. As the Exec. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. senior financial executives in the United States and Canada. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. Learn More on Mario Rizzo's salary. 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. 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. How do I contact Mario Rizzo? In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Thorough reviews have been conducted to assure this data accurately reflects disclosures. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. 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 In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Last updated: 1 March 2023 at 11:00am EST. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. All proxy statements are public filings made available to the general public by 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. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. You may also find the annual proxy statement by going directly to the company's website. 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 had never been done before, so we didnt know if it could be done. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation.