mario rizzo allstate salary mario rizzo allstate salary

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. This represents a 50% increase from the . Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. The Cor. Mario Rizzo is the Exec. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Please enter zip code. 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. 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. Together we can continue to drive systemic change. What is your take on integrating sustainability into financial planning? Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. 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. Log in, Subscribers need to be logged in to see rest of this article. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. The insurer also promoted Shebik as vice chairman. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. 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. 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. Its the most important work we do and its who we are as a company. 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 estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. 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. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. 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. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. What is the salary of Mario Rizzo? The largest trade he's ever made was exercising 25,648 units of Allstate Corp stock on 4 February 2022 worth over $1,811,262. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. 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. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. You may also find the annual proxy statement by going directly to the company's website. This article has been edited and condensed. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. 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.). 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. 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 There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. 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. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. 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. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. What is the salary of Mario Rizzo? 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. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. Please enter zip code. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Learn More about Mario Rizzo's net worth. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. 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 The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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. What is Mario Rizzo's salary? We have a powerful team that guides us to be bold, innovative and collaborative. 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 is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. We offer a lot beyond typical auto and home insurance. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Insiders at Allstate own 1.8% of the company. Mario Rizzo is the Exec. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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 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 Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Executive Vice President and Chief Financial Officer. Enter your email address below to get our daily insider buying and selling report. 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 . Mr Rizzo is 54, he's been the Exec. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. He joined the company in 1989. Chicago CFO of the Year is a registered trademark of FEI Chicago. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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. He will become President, Property-Liability, on Sept. 1. Jess Merten will assume the Chief Financial Officer role, leveraging his broad 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. ( bit.ly/2qpn7uh ) Lisa Wicka. Owner. Learn More on Mario Rizzo's trading history. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Its a complicated issue that requires a comprehensive approach for success. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Board of Directors in ALLSTATE CORP You may also find the annual proxy statement by going directly to the company's website. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . "Mario Rizzo, president of Allstate VP & CFO at Allstate Corp. As the Exec. 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. Nathan Ellsworth. It had never been done before, so we didnt know if it could be done. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? 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. 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. Allstate Insurance Company. 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 . ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Your update should be done soon. Financial Executives International (FEI) is the premier association for CFOs and other. 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). Please. It's taking a bit longer than expected. Learn More on Mario Rizzo's contact information. 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. 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. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. What else does Allstates finance leadership do to promote DE&I? Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share.