When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. 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. How do I contact Mario Rizzo? Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. It had never been done before, so we didnt know if it could be done. All Rights Reserved. We owe it to our customers to offer them industry-leading products at affordable prices. 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. We have a powerful team that guides us to be bold, innovative and collaborative. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Mario Rizzo Net Worth (2022) | wallmine 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 $3,501,510 Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. "Mario Rizzo, president of Allstate Allstate has 54,300 employees. Risk avoidance is the name of the game in insurance. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Log in, Subscribers need to be logged in to see rest of this article. Allstate's Leadership Depth Provides Strategic and Operational The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Salaries posted anonymously by Allstate employees. On average, Mario trades about 3,291 units every 90 days since 2018. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. 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). For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Please. 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. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. He will become President, Property-Liability, on Sept. 1. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. There are 21 older and 8 younger executives at Allstate Corp. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. 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Allstate Insurance Company. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. 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. There are 24 older and 6 younger executives at Allstate Corp. Mario Rizzo - FEI Chicago Chapter 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 Information on this page was last updated on 2/22/2023. Learn More on Allstate's active insiders. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. It's taking a bit longer than expected. Allstate's CFO On Driving Change: 'Think Big And Do It!' - Forbes Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. 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. 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. Board of Directors in ALLSTATE CORP VP & CFO at Allstate Corp. As the Exec. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. 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 information shown here is a reporting of information included in the company's proxy statement. 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. Jess Merten will assume the Chief. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. The information shown here is a reporting of information included in the company's proxy statement. He is also a Certified Public Accountant. 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. Mario Rizzo Net Worth (2023) | wallmine 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. He joined the company in 1989. Mario Rizzo - Biography Do it. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Glenn T. Shapiro - Salary.com 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. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. These products are marketed under the Allstate, Encompass and Esurance brand names. Mario Rizzo - Executive Vice President and Chief Financial Officer 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). 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. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. The insurer also promoted Shebik as vice chairman. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Mario Rizzo Net Worth (2022) | wallmine Molly Wilson on LinkedIn: Allstate's Plan to Return to Profit in Auto Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. View Mario Rizzo's colleagues in Allstate Employee Directory. Learn More on Mario Rizzo's salary. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. 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. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. He is also a certified public accountant. 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. 100+ "Mario Rizzo" profiles | LinkedIn . What else does Allstates finance leadership do to promote DE&I? "Allstate brand implemented auto rate increases totaled $240. Allstate's Leadership Depth Provides Strategic and Operational Continuity 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. Mario Rizzo, Allstate CFO, interviews Sidney Dillard during The - Loop BREAKING: Tiny biotech successfully treats blindness. 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 names Rizzo to succeed Shapiro as president of property-liability There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. Learn More about insider trades at Allstate. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? Mr Rizzo is 54, he's been the Exec. President, Property-Liability Its the most important work we do and its who we are as a company. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. How Much Does Allstate Pay in 2023? (11,583 Salaries) In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. 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). As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation.