Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. (312) 263-1661 |info@feichicago.org|www.feichicago.org. Oops! This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. Together we're building the future of protection. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. This report is not for commercial use. Learn More about insider trades at Allstate. "Mario Rizzo, president of Allstate 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 disclosed that its president of property-liability, Glenn Shapiro, is retiring, effective September 30, with CFO Mario Rizzo taking his place, effective September 1. 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.). We owe it to our customers to offer them industry-leading products at affordable prices. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. The insurer also promoted Shebik as vice chairman. 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). Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Location data not available. 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. Phone Email. 2023 Financial Executives International (FEI) Chicago. He joined the company in 1989. Please. What is the salary of Mario Rizzo? 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Nathan Ellsworth. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. He is also a Certified Public Accountant. Shapiro joined Allstate as chief claims officer in 2016 . Enter your email address below to get our daily insider buying and selling report. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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. 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. But the good news is, if China invades Taiwan, there is a way to protect yourself. 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. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Salaries posted anonymously by Allstate employees. 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. document.write(new Date().getFullYear()); Allstate Insurance Company. Log in, Subscribers need to be logged in to see rest of this article. Chart Data in Insider Trading History Table. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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). VP & CFO of Allstate Corp since . There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Mario Rizzo Glenn T. Shapiro Thomas J. Wilson BASE PAY $1,378,943 BONUS + INCENTIVE COMP $6,286,039 TOTAL CASH COMPENSATION $7,664,982 STOCK AWARD VALUE $6,335,804 OPTION AWARD VALUE $4,304,994 TOTAL EQUITY $10,640,798 TOTAL OTHER $63,211 TOTAL COMPENSATION $18,368,991 CEO Pay Ratio Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. The Allstate Corporation 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. 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. 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. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. You may also find the annual proxy statement by going directly to the company's website. Mr Rizzo is 54, he's been the Exec. Its the most important work we do and its who we are as a company. They sold a total of 176,962 shares worth more than $23,587,115.41. 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. 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. 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. He is on the board of directors of St. Laurence High School in Burbank, Illinois. 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. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. This information is according to proxy statements filed for the 2021 fiscal year. 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). Thorough reviews have been conducted to assure this data accurately reflects disclosures. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. "Allstate brand implemented auto rate increases totaled $240. We offer a lot beyond typical auto and home insurance. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . Do it. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. 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. senior financial executives in the United States and Canada. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. We have a powerful team that guides us to be bold, innovative and collaborative. Your update should be done soon. Jess Merten will assume the Chief. 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. What is the salary of Mario Rizzo? 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.). Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. Owner. You have entered an invalid ZIP. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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). The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Board of Directors in ALLSTATE CORP Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. 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. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. What else does Allstates finance leadership do to promote DE&I? Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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 It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Location data not available. The Allstate Health and Benefits offers voluntary benefits and individual life and health products, including life, accident, critical illness, short term disability and other health insurance products sold through workplace enrolling independent agents and Allstate exclusive agencies.