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. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Information on this page was last updated on 2/22/2023. Learn More on Allstate's active insiders. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. Chart Data in Insider Trading History Table. 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.). Nathan Ellsworth. 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 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. 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. Chicago CFO of the Year is a registered trademark of FEI Chicago. Allstate CFO Mario Rizzo. . As the Chief Financial Officer and Executive Vice President of The Allstate, the total compensation of Mario Rizzo at The Allstate is $4,426,140. 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. Russia's war on Ukraine latest: Putin casts war as battle for nation's survival, India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom, ZIONS BANCORPORATION, NATIONAL ASSOCIATION, Transcript : The Allstate Corporation, Q4 2022 Earnings Call, Feb 02, 2023, Transcript : The Allstate Corporation - Special Call, Allstate Names Jess Merten as Chief Financial Officer, The Allstate Corporation Announces CFO Changes, The Allstate Corporation Announces Executive Changes, Allstate Reports $223 million in July Catastrophe Losses, Raises Rates, Transcript : The Allstate Corporation, Q2 2022 Earnings Call, Aug 04, 2022. 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. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. This represents a 50% increase from the . President, Property-Liability Oops! Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. "Mario Rizzo, president of Allstate During the last year, insiders at the insurance provider sold shares 3 times. Phone Email. 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. Mario Rizzo is the Exec. Please. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Insiders at Allstate own 1.8% of the company. Mario Rizzo is the Exec. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. 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. 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.). He is on the board of directors of St. Laurence High School in Burbank, Illinois. It had never been done before, so we didnt know if it could be done. Owner. 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. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Last updated: 21 February 2023 at 5:57pm EST. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Executive Vice President and Chief Financial Officer The Allstate Corporation Jan 2018 - Present5 years 2 months Northbrook, Illinois Senior Vice President and CFO, Allstate Personal Lines. Rizzo has a bachelor's degree in economics from the University of Michigan and a Master of Business Administration in finance and accounting from the University of Chicago. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. The Allstate Corporation 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). The Cor. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. Learn More on Allstate's active insiders. The information shown here is a reporting of information included in the company's proxy statement. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. What is the salary of Mario Rizzo? For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. We offer a lot beyond typical auto and home insurance. senior financial executives in the United States and Canada. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. 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. Learn More on Mario Rizzo's contact information. Location data not available. 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. 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. You may also find the annual proxy statement by going directly to the company's website. Your update should be done soon. 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. 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. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Enter your email address below to get our daily insider buying and selling report. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. This information is according to proxy statements filed for the 2021 fiscal year. We owe it to our customers to offer them industry-leading products at affordable prices. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. This report is not for commercial use. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Learn More on Mario Rizzo's salary. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. BREAKING: Tiny biotech successfully treats blindness. 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. 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 insurer also promoted Shebik as vice chairman. 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. VP & CFO of Allstate Corp since . Please try again. VP & CFO at Allstate Corp. As the Exec. the fourth largest private passenger auto insurer in the U.S. click here for information on our satisfaction guaranteed subscription options, Collision Repair Industry Production Sets New Record in December, AAA Reports Fear of Self-Driving Cars on the Rise, RDA Executive Director Robert McKenzie Passes Away, CCC Reports Revenue of $782 Million in 2022, Pennsylvania Insurance Department Fines First Acceptance Insurance Company for Misleading Consumers, Chief Automotive Donates $75,000 Worth of Tools and Subscriptions to Collision Repair Schools Through CREF, Take the Collision Repair Business Conditions Survey. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. Board of Directors in ALLSTATE CORP 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). Opinions expressed by Forbes Contributors are their own. 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. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? This report is not for commercial use. Shapiro joined Allstate as chief claims officer in 2016 . 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. All proxy statements are public filings made available to the general public by the SEC. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. Please try again. View Mario Rizzo's colleagues in Allstate Employee Directory. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. Mr Rizzo is 54, he's been the Exec. He joined the company in 1989. We can help protect your phone, your appliances and electronics, and your identity. These products are marketed under the Allstate, Encompass and Esurance brand names. We have a powerful team that guides us to be bold, innovative and collaborative. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. We began by discussing how Allstate has differentiated itself in a highly commoditized market where cost savings trumps all, and how the finance team historically a risk-averse business area has helped the company stay ahead of the curve. It's taking a bit longer than expected. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Learn More on Mario Rizzo's trading history. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone.