Information on this page was last updated on 2/22/2023. 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. 2023 Financial Executives International (FEI) Chicago. 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 Nathan Ellsworth. 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. 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. Risk avoidance is the name of the game in insurance. For other finance leaders out there, I just want to say: think big. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Lisa Wicka. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. Learn More about Mario Rizzo's net worth. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. We offer a lot beyond typical auto and home insurance. There are 21 older and 8 younger executives at Allstate Corp. 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. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data 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. 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. 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. You have entered an invalid ZIP. 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. Financial Executives International (FEI) is the premier association for CFOs and other. ( bit.ly/2qpn7uh ) This report is not for commercial use. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. 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: Its true that price is a significant differentiator and a key to driving customer satisfaction. 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. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. These products are marketed under the Allstate, Encompass and Esurance brand names. He has held key leadership positions at the company since 1995, including all major operating units. 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. 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. 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). Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. 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. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. "Allstate brand implemented auto rate increases totaled $240. 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. 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 Location data not available. Mario Rizzo is the Exec. 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. Your update should be done soon. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. We have a powerful team that guides us to be bold, innovative and collaborative. Last updated: 21 February 2023 at 5:57pm EST. 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 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.). Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. 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. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. 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 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. How do I contact Mario Rizzo? He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. 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). ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. It's taking a bit longer than expected. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. . We can help protect your phone, your appliances and electronics, and your identity. Prior to becoming CFO in 2018, Rizzo served as Chief Financial Officer of Allstate Personal Lines (APL), where he was responsible for its comprehensive financial planning and analytics. The insurer also promoted Shebik as vice chairman. 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, president of Allstate's financial products business, will take over as CFO, also on September 1. Oops! Its the most important work we do and its who we are as a company. 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. This information is according to proxy statements filed for the 2021 fiscal year. But our solution set is much broader than just reinsurance. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. What is the salary of Mario Rizzo? 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.

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