mario rizzo allstate salary

He will become President, Property-Liability, on Sept. 1. 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). 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. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. 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 Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. 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. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. 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). Learn More on Mario Rizzo's trading history. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. 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. 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. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Learn More about Mario Rizzo's net worth. Financial Executives International (FEI) is the premier association for CFOs and other. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. You may also find the annual proxy statement by going directly to the company's website. Location data not available. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. 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 information shown here is a reporting of information included in the company's proxy statement. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Chicago CFO of the Year is a registered trademark of FEI Chicago. Allstate's Leadership Depth Provides Strategic and Operational 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. Its a complicated issue that requires a comprehensive approach for success. 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. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. This article has been edited and condensed. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. 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). VP & CFO of Allstate Corp since . It's taking a bit longer than expected. Mario Rizzo Net Worth (2022) | wallmine The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Mario Rizzo - Biography How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Allstate's Leadership Depth Provides Strategic and Operational Allstate: $307M in January Cat Losses and Keeps the Auto Rate Hikes Coming 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 . 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. 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. 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. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. 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 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 $75,000 Worth of Tools and Subscriptions to Collision Repair Schools Through CREF, Take the Collision Repair Business Conditions Survey. We owe it to our customers to offer them industry-leading products at affordable prices. All Rights Reserved. ALLSTATE CORP Executive Salaries & Other Compensation | Salary.com Its a broad set of actions, covering everything from pay practices and representation goals, to supplier diversity and adding a new racial equity pillar to the corporate foundation. document.write(new Date().getFullYear()); Allstate Insurance Company. He is also on the board of Allstate Life Insurance Co., Uhlich Children's Advantage Network, National General Holdings Corp. and Allstate Global Holdings Ltd. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . 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. Mario Rizzo Net Worth (2022) | wallmine As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. BREAKING: Tiny biotech successfully treats blindness. 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. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Allstate CFO Mario Rizzo. There are 24 older and 6 younger executives at Allstate Corp. 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. Allstate's Leadership Depth Provides Strategic and Operational Continuity This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. 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. 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. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. 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. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. All proxy statements are public filings made available to the general public by the SEC. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. 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. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. How Much Does Allstate Pay in 2023? (11,583 Salaries) Mario Rizzo | Allstate Corporation VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Jess Merten will assume the Chief Financial Officer role, leveraging his broad Oops! In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. Mario Rizzo is the Exec. Mario Rizzo Net Worth (2023) | wallmine CA Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. document.write(new Date().getFullYear()); Allstate Insurance Company. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Learn More about insider trades at Allstate. 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. 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. 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. He has held key leadership positions at the company since 1995, including all major operating units. Mario Rizzo Net Worth (2023) | wallmine Chart Data in Insider Trading History Table. Molly Wilson on LinkedIn: Allstate's Plan to Return to Profit in Auto 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 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. This information is according to proxy statements filed for the 2021 fiscal year. Mario Rizzo Biography and Net Worth - InsiderTrades Last updated: 21 February 2023 at 5:57pm EST. We can help protect your phone, your appliances and electronics, and your identity. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. 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. Learn More about Mario Rizzo's net worth. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. 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. Board of Directors in ALLSTATE CORP 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.

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