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Mario Rizzo - Biography Log in, Subscribers need to be logged in to see rest of this article. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. You may also find the annual proxy statement by going directly to the company's website. Mario Rizzo Biography and Net Worth - InsiderTrades 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. Learn More on Mario Rizzo's salary. Allstate Announces Senior Leadership Changes This represents a 50% increase from the . Allstate Insurance Company. But the good news is, if China invades Taiwan, there is a way to protect yourself. There are 24 older and 6 younger executives at Allstate Corp. It had never been done before, so we didnt know if it could be done. Its a broad set of actions, covering everything from pay practices and representation goals, to supplier diversity and adding a new racial equity pillar to the corporate foundation. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. All proxy statements are public filings made available to the general public by the SEC. Information on this page was last updated on 2/22/2023. Allstate's CFO On Driving Change: 'Think Big And Do It!' - Forbes Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. 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 Your update should be done soon. 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 Learn More on Allstate's active insiders. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. 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. Board of Directors in ALLSTATE CORP The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. 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). This report is not for commercial use. But our solution set is much broader than just reinsurance. He will become President, Property-Liability, on Sept. 1. 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). Salaries posted anonymously by Allstate employees. 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. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Do it. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Mario Rizzo is the Exec. Lisa Wicka. BREAKING: Tiny biotech successfully treats blindness. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. Allstate's Leadership Depth Provides Strategic and Operational Continuity Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. Learn More on Mario Rizzo's contact information. We can help protect your phone, your appliances and electronics, and your identity. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. You may also find the annual proxy statement by going directly to the company's website. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Owner. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. The insurer also promoted Shebik as vice chairman. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. document.write(new Date().getFullYear()); Allstate Insurance Company. 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. 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. 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 Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. Financial Executives International (FEI) is the premier association for CFOs and other. . 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. Please enter zip code. 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. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. (312) 263-1661 |info@feichicago.org|www.feichicago.org. 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. 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. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. What is the salary of Mario Rizzo? 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 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.). Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. 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 the Chief Financial Officer and Executive Vice President of The Allstate, the total compensation of Mario Rizzo at The Allstate is $4,426,140. 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. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. This report is not for commercial use. 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. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? "Mario Rizzo, president of Allstate He has held key leadership positions at the company since 1995, including all major operating units. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. 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. Mario Rizzo Named to Succeed Retiring Glenn Shapiro as President of Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Allstate names Rizzo to succeed Shapiro as president of property-liability Coronavirus Tips Working and Protection. 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Mr Rizzo is 54, he's been the Exec. Learn More on Allstate's active insiders. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. 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.). Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. The information shown here is a reporting of information included in the company's proxy statement. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Mario Rizzo Net Worth (2022) | wallmine 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. Risk avoidance is the name of the game in insurance. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. There are 21 older and 8 younger executives at Allstate Corp. Location data not available. 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? We offer a lot beyond typical auto and home insurance. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Jess Merten will assume the Chief. 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. 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. 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). Mario Rizzo Net Worth (2023) | wallmine CA Allstate's Leadership Depth Provides Strategic and Operational The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Location data not available. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. 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 . Last updated: 21 February 2023 at 5:57pm EST. Mario Rizzo Net Worth (2022) | wallmine "Allstate brand implemented auto rate increases totaled $240. VP & CFO at Allstate Corp. As the Exec. The information shown here is a reporting of information included in the company's proxy statement. ( bit.ly/2qpn7uh ) Nathan Ellsworth. He is on the board of directors of St. Laurence High School in Burbank, Illinois. Get notified the next time Mario Rizzo buys or sells Allstate stock. Learn More on Mario Rizzo's trading history. President, Property-Liability View Mario Rizzo's colleagues in Allstate Employee Directory. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. The Allstate Corporation protects people from life's uncertainties with a wide array of protection for autos, homes, electronic devices and identity theft with more than 172 million policies in force. Together we're building the future of protection. The Allstate Corporation Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . Please enter zip code. Jess Merten will assume the Chief Financial Officer role, leveraging his broad It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. We have modified underwriting, redesigned our homeowners product to better match price with risk and created an internal brokerage to provide customers alternatives for coverage. What is your take on integrating sustainability into financial planning? Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . Mario Rizzo Net Worth (2023) | wallmine 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. 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. Allstate's CFO says staying ahead of the curve is. 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). Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. Allstate shakes up its leadership - Reinsurance News Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. 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. 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. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. Opinions expressed by Forbes Contributors are their own. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. 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 future leaders. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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. We have a powerful team that guides us to be bold, innovative and collaborative. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. 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. 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. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Its the most important work we do and its who we are as a company. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. 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. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. 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). Together we can continue to drive systemic change. 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. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. Mario Rizzo Glenn T. Shapiro BASE PAY $836,539 BONUS + INCENTIVE COMP $1,906,680 TOTAL CASH COMPENSATION $2,743,219 STOCK AWARD VALUE $1,621,454 OPTION AWARD VALUE $1,101,729 TOTAL EQUITY $2,723,183 TOTAL OTHER $34,593 TOTAL COMPENSATION $5,500,995 Q This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. 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. Shapiro joined Allstate as chief claims officer in 2016 . document.write(new Date().getFullYear()); Allstate Insurance Company. Learn More on Mario Rizzo's trading history. 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. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. 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. Please try again. 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.
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