mario rizzo allstate salary

The update comes about two weeks after Allstate reported a loss of $310 million in the fourth quarter, mostly related to unprofitability in the auto insurance segment where Allstate recorded an. Mario Rizzo | Allstate Corporation Please try again. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Allstate. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Executive Vice President and Chief Financial Officer The Allstate Corporation Jan 2018 - Present5 years 2 months Northbrook, Illinois Senior Vice President and CFO, Allstate Personal Lines. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. Rizzo has a bachelor's degree in economics from the University of Michigan and a Master of Business Administration in finance and accounting from the University of Chicago. He joined the company in 1989. Allstate has disclosed that its president of property-liability, Glenn Shapiro, is retiring, effective September 30, with CFO Mario Rizzo taking his place, effective September 1. Mario Rizzo Age : 55 Public asset : 7,246,735 USD Country of residence : Unknown Biography of Mario Rizzo Mario Rizzo occupies the position of Chief Financial Officer & Executive Vice President for The Allstate Corp. and Chief Financial Officer & Executive Vice President of Allstate Insurance Co. (a subsidiary of The Allstate Corp.). Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. He will become President, Property-Liability, on Sept. 1. VP & CFO of Allstate Corp since . Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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. Location data not available. We owe it to our customers to offer them industry-leading products at affordable prices. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. 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. 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). Allstate Insurance Company. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. All Rights Reserved. The information shown here is a reporting of information included in the company's proxy statement. What is your take on integrating sustainability into financial planning? document.write(new Date().getFullYear()); Allstate Insurance Company. During the last year, insiders at the insurance provider sold shares 3 times. 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 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. Mario Rizzo Net Worth (2023) | wallmine 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. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? 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. Allstate CFO Mario Rizzo. Learn More on Mario Rizzo's trading history. Learn More on Allstate's active insiders. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. There are 21 older and 8 younger executives at Allstate Corp. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Risk avoidance is the name of the game in insurance. President, Property-Liability Jess Merten will assume the Chief. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. Allstate names Rizzo to succeed Shapiro as president of property-liability 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. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. He is on the board of directors of St. Laurence High School in Burbank, Illinois. It's taking a bit longer than expected. 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. How Much Does Allstate Pay in 2023? (11,583 Salaries) 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. This represents a 50% increase from the . Mario Rizzo Named to Succeed Retiring Glenn Shapiro as President of senior financial executives in the United States and Canada. . Oops! But the good news is, if China invades Taiwan, there is a way to protect yourself. "Allstate brand implemented auto rate increases totaled $240. He is also a certified public accountant. Its the most important work we do and its who we are as a company. How do I contact Mario Rizzo? Coronavirus Tips Working and Protection. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Financial Executives International (FEI) is the premier association for CFOs and other. But our solution set is much broader than just reinsurance. 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. Last updated: 1 March 2023 at 11:00am EST. 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. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. Last updated: 21 February 2023 at 5:57pm EST. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. Insiders at Allstate own 1.8% of the company. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. (312) 263-1661 |info@feichicago.org|www.feichicago.org. It's taking a bit longer than expected. 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 corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. Learn More on Mario Rizzo's salary. 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. What else does Allstates finance leadership do to promote DE&I? VP & CFO at Allstate Corp. As the Exec. BREAKING: Tiny biotech successfully treats blindness. 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). Phone Email. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Compensation Information for Mario Rizzo, Executive Vice - Salary On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Allstate has 54,300 employees. 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. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. The Allstate Corporation 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 about insider trades at Allstate. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. Information on this page was last updated on 2/22/2023. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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). Location data not available. As the Exec. 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

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