Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. 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. The insurer also promoted Shebik as vice chairman. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. We can help parents teach their kids to be safer drivers with our Drivewise telematics offering and, as people have been driving less since the beginning of the pandemic, our pay-per-mile Milewise product has grown dramatically, meeting the evolving driving needs of consumers and encouraging a low-carbon economy. VP & CFO of Allstate Corp since . You may also find the annual proxy statement by going directly to the company's website. 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 estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. There are 24 older and 6 younger executives at Allstate Corp. Chicago CFO of the Year is a registered trademark of FEI Chicago. It's taking a bit longer than expected. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. Thorough reviews have been conducted to assure this data accurately reflects disclosures. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. Please try again. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. 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. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. Jess Merten will assume the Chief. This report is not for commercial use. (312) 263-1661 |info@feichicago.org|www.feichicago.org. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. How do I contact Mario Rizzo? The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. 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. 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. 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. For other finance leaders out there, I just want to say: think big. Together we're building the future of protection. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. 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. We can help protect your phone, your appliances and electronics, and your identity. 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. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Learn More on Mario Rizzo's trading history. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . 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. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. 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. Financial Executives International (FEI) is the premier association for CFOs and other. Learn More on Allstate's active insiders. We offer a lot beyond typical auto and home insurance. View Mario Rizzo's colleagues in Allstate Employee Directory. Its the most important work we do and its who we are as a company. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. Opinions expressed by Forbes Contributors are their own. 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 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 $3,501,510 He has served as Senior Vice President and Chief Financial Officer, Allstate Personal Lines of AIC (February 2015 to January 2018); Senior Vice President and Treasurer of The Allstate Corporation (November 2010 to January 2015) and of AIC (November 2010 to February 2015). Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. You have entered an invalid ZIP. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . 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. Prior to becoming CFO in 2018, Rizzo served as Chief Financial Officer of Allstate Personal Lines (APL), where he was responsible for its comprehensive financial planning and analytics. Please. Allstate's CFO says staying ahead of the curve is. 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. Together we can continue to drive systemic change. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. 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. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. 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. Please try again. Please enter zip code. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? 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. There are 21 older and 8 younger executives at Allstate Corp. 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 You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Learn More about insider trades at Allstate. 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. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. They sold a total of 176,962 shares worth more than $23,587,115.41. "Allstate brand implemented auto rate increases totaled $240. Log in, Subscribers need to be logged in to see rest of this article. 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 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. Learn More about Mario Rizzo's net worth. Coronavirus Tips Working and Protection. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. 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.

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