mario rizzo allstate salaryaverage building cost per square foot in florida » gary patterson buyout » mario rizzo allstate salary

mario rizzo allstate salary

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). Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Mario Rizzo is Executive Vice President and Chief Financial Officer of The Allstate Corporation and Allstate Insurance Company, as well as a member of Allstates Operating Committee. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Chart Data in Insider Trading History Table. This report is not for commercial use. How do I contact Mario Rizzo? 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. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. There are 24 older and 6 younger executives at Allstate Corp. He is also a certified public accountant. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. (312) 263-1661 |info@feichicago.org|www.feichicago.org. They sold a total of 176,962 shares worth more than $23,587,115.41. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. 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. This represents a 50% increase from the . Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Mario Rizzo - FEI Chicago Chapter Financial Executives International (FEI) is the premier association for CFO's and other senior financial executives in the United States and Canada. 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. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. 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. 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 Coronavirus Tips Working and Protection. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . 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. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. What is your take on integrating sustainability into financial planning? Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. Mr Rizzo is 54, he's been the Exec. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. 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). 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. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. What is Mario Rizzo's salary? We owe it to our customers to offer them industry-leading products at affordable prices. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. All proxy statements are public filings made available to the general public by the SEC. There are 21 older and 8 younger executives at Allstate Corp. Together we can continue to drive systemic change. He will become President, Property-Liability, on Sept. 1. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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.). While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Salaries posted anonymously by Allstate employees. Learn More about Mario Rizzo's net worth. For other finance leaders out there, I just want to say: think big. 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 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. Learn More on Mario Rizzo's trading history. All Rights Reserved. document.write(new Date().getFullYear()); Allstate Insurance Company. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. 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. 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. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. Get notified the next time Mario Rizzo buys or sells Allstate stock. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Mario Rizzo is the Exec. 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. 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 Its the most important work we do and its who we are as a company. 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. Information on this page was last updated on 2/22/2023. 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. 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 $1.2 billion November 2020 bond transaction where the company utilized an all diverse-owned investment banking syndicate. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . Allstate's CFO says staying ahead of the curve is. 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. It's taking a bit longer than expected. 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. 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. 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. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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. It's taking a bit longer than expected. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Please enter zip code. 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. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. senior financial executives in the United States and Canada. 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. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. Learn More on Mario Rizzo's trading history. 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. During the last year, insiders at the insurance provider sold shares 3 times. 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. VP & CFO at Allstate Corp. As the Exec. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. Please try again. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. As the Exec. Its a complicated issue that requires a comprehensive approach for success. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. You have entered an invalid ZIP. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Last updated: 21 February 2023 at 5:57pm EST. 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). Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. 2023 Financial Executives International (FEI) Chicago. Please try again. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Oops! Learn More about Mario Rizzo's net worth. Last updated: 1 March 2023 at 11:00am EST. It had never been done before, so we didnt know if it could be done. Allstate CFO Mario Rizzo. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. What is the salary of Mario Rizzo? 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. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. 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.). CEO Pay Ratio 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. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting.

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