mario rizzo allstate salary10 marca 2023
VP & CFO at Allstate Corp. As the Exec. 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. Last updated: 21 February 2023 at 5:57pm EST. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Owner. 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. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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: Its true that price is a significant differentiator and a key to driving customer satisfaction. All Rights Reserved. What is the salary of Mario Rizzo? 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. Mr. Rizzo owns over 25,648 units of Allstate Corp stock worth over $7,617,859 and over the last 4 years he sold ALL stock worth over $0. There are 24 older and 6 younger executives at Allstate Corp. How do I contact Mario Rizzo? These products are marketed under the Allstate, Encompass and Esurance brand names. 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. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Thorough reviews have been conducted to assure this data accurately reflects disclosures. The most recent insider tranaction occured on February, 22nd when CFO Jesse E Merten sold 29,451 shares worth more than $3,951,735.18. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. Please enter zip code. Learn More on Allstate's active insiders. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. All proxy statements are public filings made available to the general public by the SEC. What is the salary of Mario Rizzo? This represents a 50% increase from the . Financial Executives International (FEI) is the premier association for CFOs and other. There are 21 older and 8 younger executives at Allstate Corp. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Salaries posted anonymously by Allstate employees. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. 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. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. document.write(new Date().getFullYear()); Allstate Insurance Company. You have entered an invalid ZIP. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. The insurer also promoted Shebik as vice chairman. Enter your email address below to get our daily insider buying and selling report. document.write(new Date().getFullYear()); Allstate Insurance Company. 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. The chart on this page features a breakdown of the total annual pay for Mario Rizzo, Executive Vice President and Chief Financial Officer at ALLSTATE CORP as reported in their proxy statements. Jess Merten will assume the Chief Financial Officer role, leveraging his broad Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. The Allstate Corporation Learn More about Mario Rizzo's net worth. 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. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Mario Rizzo is the Exec. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. 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. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. 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 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. 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. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. Opinions expressed by Forbes Contributors are their own. President, Property-Liability Please try again. What is your take on integrating sustainability into financial planning? . 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. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. The Cor. Oops! Mario Rizzo has not been actively trading shares of Allstate during the past quarter. 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. 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. What else does Allstates finance leadership do to promote DE&I? 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. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. 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. We owe it to our customers to offer them industry-leading products at affordable prices. He has held key leadership positions at the company since 1995, including all major operating units. Mario Rizzo Glenn T. Shapiro BASE PAY $836,539 BONUS + INCENTIVE COMP $1,906,680 TOTAL CASH COMPENSATION $2,743,219 STOCK AWARD VALUE $1,621,454 OPTION AWARD VALUE $1,101,729 TOTAL EQUITY $2,723,183 TOTAL OTHER $34,593 TOTAL COMPENSATION $5,500,995 Q Chicago CFO of the Year is a registered trademark of FEI Chicago. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. (312) 263-1661 |info@feichicago.org|www.feichicago.org. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. 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. Coronavirus Tips Working and Protection. 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. Allstate. Shapiro joined Allstate as chief claims officer in 2016 . There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. The information shown here is a reporting of information included in the company's proxy statement. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. ( bit.ly/2qpn7uh ) The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? 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. 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. Learn More on Mario Rizzo's contact information. 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. He is also on the board of Allstate Life Insurance Co., Uhlich Children's Advantage Network, National General Holdings Corp. and Allstate Global Holdings Ltd. For other finance leaders out there, I just want to say: think big. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. 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. 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. 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 This information is according to proxy statements filed for the 2021 fiscal year. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Learn More about Mario Rizzo's net worth. We offer a lot beyond typical auto and home insurance. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. It's taking a bit longer than expected. 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 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. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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. 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.). Risk avoidance is the name of the game in insurance. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Allstate CFO Mario Rizzo. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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 largest trade he's ever made was exercising 25,648 units of Allstate Corp stock on 4 February 2022 worth over $1,811,262. He is on the board of directors of St. Laurence High School in Burbank, Illinois. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. 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. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. Executive Vice President and Chief Financial Officer. How has Allstates business model adapted to climate change, where there is no longer a question of if catastrophes will happen, just when? Is Allstate taking a more active role in helping clients implement more sustainable business practices? 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). He is also a certified public accountant. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. Learn More on Mario Rizzo's salary. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. 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. 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. 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 president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Tom Wilson is the Chair, President and Chief Executive Officer of 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). Allstate's CFO says staying ahead of the curve is. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. 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. 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). 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. Your update should be done soon. It had never been done before, so we didnt know if it could be done. Jess Merten will assume the Chief. 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. Your update should be done soon. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. Its a complicated issue that requires a comprehensive approach for success. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. All Rights Reserved. This article has been edited and condensed. 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. 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. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. Please try again. 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. Chart Data in Insider Trading History Table. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Log in, Subscribers need to be logged in to see rest of this article. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. During the last year, insiders at the insurance provider sold shares 3 times. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. "Mario Rizzo, president of Allstate Oops! 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. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . 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. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Mario Rizzo is the Exec. Information on this page was last updated on 2/22/2023. 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. 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. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. 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. "Allstate brand implemented auto rate increases totaled $240. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. . The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. We can help protect your phone, your appliances and electronics, and your identity. Nathan Ellsworth. They sold a total of 176,962 shares worth more than $23,587,115.41. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. Lisa Wicka. But our solution set is much broader than just reinsurance. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. 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. He joined the company in 1989. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system.
Wawona Hotel Dining Room,
Richfield Ut Police Scanner,
Articles M