Nathan Ellsworth. Allstate Insurance Company. 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. 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. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. 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. How do I contact Mario Rizzo? Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. 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. He will become President, Property-Liability, on Sept. 1. It had never been done before, so we didnt know if it could be done. You have entered an invalid ZIP. Executive Vice President and Chief Financial Officer. But our solution set is much broader than just reinsurance. Learn More on Mario Rizzo's salary. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. 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. "Allstate brand implemented auto rate increases totaled $240. Learn More on Mario Rizzo's contact information. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. Your update should be done soon. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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 Mario Rizzo President, Property-Liability Steve Sorenson Executive Vice President, Corporate Business Transformation Bob Toohey Executive Vice President, Chief Human Resources Officer Terrance Williams Executive Vice President and President, Protection Products and Services Meet our board Chicago CFO of the Year is a registered trademark of FEI Chicago. 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 president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Board of Directors in ALLSTATE CORP Please try again. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. 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). 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. We owe it to our customers to offer them industry-leading products at affordable prices. Together we're building the future of protection. There are 24 older and 6 younger executives at Allstate Corp. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. 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. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. 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. Risk avoidance is the name of the game in insurance. 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. Phone Email. 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. 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. This information is according to proxy statements filed for the 2021 fiscal year. Last updated: 1 March 2023 at 11:00am EST. 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. Your update should be done soon. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. The insurer also promoted Shebik as vice chairman. You may also find the annual proxy statement by going directly to the company's website. 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. . Mr Rizzo is 54, he's been the Exec. Allstate. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. These products are marketed under the Allstate, Encompass and Esurance brand names. 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. 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. 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. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Insiders at Allstate own 1.8% of the company. 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). Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. 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. We can help protect your phone, your appliances and electronics, and your identity. 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. Please. 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. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. 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. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. The information shown here is a reporting of information included in the company's proxy statement. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. 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 report is not for commercial use. On average, Mario trades about 3,291 units every 90 days since 2018. Learn More on Mario Rizzo's trading history. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. They sold a total of 176,962 shares worth more than $23,587,115.41. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. 2023 Financial Executives International (FEI) Chicago. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Allstate's CFO says staying ahead of the curve is. This article has been edited and condensed. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Chart Data in Insider Trading History Table. Allstate has 54,300 employees. Learn More about Mario Rizzo's net worth. He is also a Certified Public Accountant. Its a complicated issue that requires a comprehensive approach for success. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . 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. ( bit.ly/2qpn7uh ) For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. 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. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Allstate CFO Mario Rizzo. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. Together we can continue to drive systemic change. There are 21 older and 8 younger executives at Allstate Corp. 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. Location data not available. Financial Executives International (FEI) is the premier association for CFOs and other. This represents a 50% increase from the . He is on the board of directors of St. Laurence High School in Burbank, Illinois. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. What is the salary of Mario Rizzo? Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. He has held key leadership positions at the company since 1995, including all major operating units. View Mario Rizzo's colleagues in Allstate Employee Directory. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. senior financial executives in the United States and Canada. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. 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. Another thing differentiating Allstate is the breadth of our products. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. VP & CFO of Allstate Corp since . 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. We have a powerful team that guides us to be bold, innovative and collaborative. 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. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. (312) 263-1661 |info@feichicago.org|www.feichicago.org. 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). He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. 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. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. Shapiro joined Allstate as chief claims officer in 2016 . 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. What else does Allstates finance leadership do to promote DE&I? 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. "Mario Rizzo, president of Allstate 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. 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. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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 previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. 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. Oops! Do it. 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. Owner. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Please enter zip code. 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. document.write(new Date().getFullYear()); Allstate Insurance Company. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. 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.