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 information shown here is a reporting of information included in the company's proxy statement. 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). 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. He will become President, Property-Liability, on Sept. 1. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. We can help protect your phone, your appliances and electronics, and your identity. 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. 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. 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.). Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. Its a complicated issue that requires a comprehensive approach for success. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. 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. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. Phone Email. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Learn More on Mario Rizzo's trading history. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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 was named president, Property-Liability, at Allstate effective September 1. He is also a certified public accountant. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Learn More on Allstate's active insiders. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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. document.write(new Date().getFullYear()); Allstate Insurance Company. 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 report is not for commercial use. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. All Rights Reserved. Financial Executives International (FEI) is the premier association for CFOs and other. 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. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. 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. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. The insurer also promoted Shebik as vice chairman. 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. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Location data not available. Its a broad set of actions, covering everything from pay practices and representation goals, to supplier diversity and adding a new racial equity pillar to the corporate foundation. Learn More about insider trades at Allstate. The information shown here is a reporting of information included in the company's proxy statement. Last updated: 21 February 2023 at 5:57pm EST. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. They sold a total of 176,962 shares worth more than $23,587,115.41. 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. 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. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Our goal is providing affordable, simple and connected, digital-first experience to our customers; and were focused on delivering that experience through the four key elements of our strategy: expanding customer access across distribution channels, improving customer value through innovative product design and affordable prices, increasing the level and sophistication of our marketing investment, and building a new technology ecosystem. 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). During the last year, insiders at the insurance provider sold shares 3 times. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with 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. Chicago CFO of the Year is a registered trademark of FEI Chicago. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Learn More on Mario Rizzo's contact information. For other finance leaders out there, I just want to say: think big. Our finance team is accountable for contributing to Allstates success by living into our goals, but we also have unique opportunities to further drive DE&I success. 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 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). 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. 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. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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. 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. 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.
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