(312) 263-1661 |info@feichicago.org|www.feichicago.org. Mario Rizzo Executive Vice President and Chief Financial Officer, The Allstate Corporation Northbrook, IL The Allstate Corporation, +1 more Mario Rizzo Back-end developer Greater Naples. 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. Executive Vice President and Chief Financial Officer. Jess Merten will assume the Chief Financial Officer role, leveraging his broad Chicago CFO of the Year is a registered trademark of FEI Chicago. Its the most important work we do and its who we are as a company. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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. 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. Last updated: 1 March 2023 at 11:00am EST. You may also find the annual proxy statement by going directly to the company's website. 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. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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). You have entered an invalid ZIP. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? Allstate's CFO says staying ahead of the curve is. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. 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. Risk avoidance is the name of the game in insurance. Allstate. Learn More on Allstate's active insiders. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. There are 21 older and 8 younger executives at Allstate Corp. All Rights Reserved. Mario Rizzo, Allstate CFO, interviews Sidney Dillard during The - Loop Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. On average, Mario trades about 3,291 units every 90 days since 2018. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Learn More on Mario Rizzo's trading history. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . 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). Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. 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. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. 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. Together we can continue to drive systemic change. 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 . Your update should be done soon. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. What is the salary of Mario Rizzo? 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 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. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. 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. 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. Learn More on Allstate's active insiders. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Lisa Wicka. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. We owe it to our customers to offer them industry-leading products at affordable prices. You have entered an invalid ZIP. 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. Its a complicated issue that requires a comprehensive approach for success. Mario Rizzo Net Worth (2022) | wallmine 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. 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 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. Allstate names Rizzo to succeed Shapiro as president of property-liability What is Mario Rizzo's salary? Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Please enter zip code. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Mario Rizzo | Allstate Corporation Please. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. MOVES-Insurer Allstate names Mario Rizzo as new CFO | Reuters Mario Rizzo Net Worth (2023) | wallmine CA It had never been done before, so we didnt know if it could be done. Allstate's Leadership Depth Provides Strategic and Operational Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. Allstate Announces Senior Leadership Changes Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. He will become President, Property-Liability, on Sept. 1. The information shown here is a reporting of information included in the company's proxy statement. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. Allstate's Leadership Depth Provides Strategic and Operational Continuity On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. These products are marketed under the Allstate, Encompass and Esurance brand names. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. There are 24 older and 6 younger executives at Allstate Corp. This information is according to proxy statements filed for the 2021 fiscal year. What else does Allstates finance leadership do to promote DE&I? 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.