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. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. The Allstate Corporation If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Do it. VP & CFO of Allstate Corp since . Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Jess Merten will assume the Chief. All Rights Reserved. Its the most important work we do and its who we are as a company. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. Thorough reviews have been conducted to assure this data accurately reflects disclosures. All Rights Reserved. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Allstate Insurance Company. Mr Rizzo is 54, he's been the Exec. You have entered an invalid ZIP. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. 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 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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 trading history. These products are marketed under the Allstate, Encompass and Esurance brand names. 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. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. 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. This information is according to proxy statements filed for the 2021 fiscal year. ( bit.ly/2qpn7uh ) It had never been done before, so we didnt know if it could be done. Chart Data in Insider Trading History Table. 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. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Executive Vice President and Chief Financial Officer. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. Learn More on Mario Rizzo's contact information. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . They sold a total of 176,962 shares worth more than $23,587,115.41. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. 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. Nathan Ellsworth. Please enter zip code. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. Lisa Wicka. Insiders at Allstate own 1.8% of the company. Get notified the next time Mario Rizzo buys or sells Allstate stock. You may also find the annual proxy statement by going directly to the company's website. Salaries posted anonymously by Allstate employees. Board of Directors in ALLSTATE CORP There are 24 older and 6 younger executives at Allstate Corp. And the thing that stands out most to me is that the execution felt just like any other deal that Ive been part of, and it was a resounding success. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. Your update should be done soon. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Location data not available. This represents a 50% increase from the . 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 is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. On average, Mario trades about 3,291 units every 90 days since 2018. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. 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). 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. 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. 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. 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. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. 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 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 Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. Mario Rizzo is the Exec. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? All proxy statements are public filings made available to the general public by the SEC. 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. But the good news is, if China invades Taiwan, there is a way to protect yourself. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. NORTHBROOK, Ill., Feb. 22, 2021 - The Allstate Corporation (NYSE: ALL) board of directors has approved a quarterly dividend of $0.81 cents on each outstanding share of the corporation's common stock, payable in cash on April 1, 2021, to stockholders of record at the close of business on March 4, 2021. 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. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. During the last year, insiders at the insurance provider sold shares 3 times. We have a powerful team that guides us to be bold, innovative and collaborative. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. 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 insurer also promoted Shebik as vice chairman. 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. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. VP & CFO at Allstate Corp. As the Exec. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. 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. 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. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. 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 . Another thing differentiating Allstate is the breadth of our products. Jess Merten will assume the Chief Financial Officer role, leveraging his broad Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. Oops! Enter your email address below to get our daily insider buying and selling report. Coronavirus Tips Working and Protection. Financial Executives International (FEI) is the premier association for CFOs and other. 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. Allstate CFO Mario Rizzo. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. This article has been edited and condensed. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Thorough reviews have been conducted to assure this data accurately reflects disclosures. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021.

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