mario rizzo allstate salary
In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Mario Rizzo Net Worth (2022) | wallmine 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. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. Glenn T. Shapiro - Salary.com Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Mario Rizzo Net Worth (2023) | wallmine CA ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. He is also a certified public accountant. Another thing differentiating Allstate is the breadth of our products. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Mario Rizzo is the Exec. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. Jess Merten will assume the Chief Financial Officer role, leveraging his broad Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. This report is not for commercial use. 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. 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 Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . 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. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. 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. What is the salary of Mr Rizzo? We take a comprehensive approach to managing our property business, with the dual goals of protecting our customers and earning an adequate return on the risks we take. Allstate. Risk avoidance is the name of the game in insurance. 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.). 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. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. What else does Allstates finance leadership do to promote DE&I? 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. 100+ "Mario Rizzo" profiles | LinkedIn Information on this page was last updated on 2/22/2023. 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. Please. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. Mario Rizzo, Allstate CFO, interviews Sidney Dillard during The - Loop Allstate Executives Shuffle With Retirement of Property-Liability President Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? Learn More on Allstate's active insiders. This represents a 50% increase from the . These products are marketed under the Allstate, Encompass and Esurance brand names. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. He is on the board of directors of St. Laurence High School in Burbank, Illinois. What is the salary of Mario Rizzo? 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. Get notified the next time Mario Rizzo buys or sells Allstate stock. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Lisa Wicka. Chicago CFO of the Year is a registered trademark of FEI Chicago. 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). 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. On average, Mario trades about 3,291 units every 90 days since 2018. Location data not available. Board of Directors in ALLSTATE CORP When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. All Rights Reserved. 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. Chart Data in Insider Trading History Table. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. 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). Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Allstate Leadership | Allstate Corporation However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. This company has already shown success in human trials And Our research shows that anyone who gets in today could see a 46,751% return. 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. 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 Allstate's active insiders. 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 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 $18,368,991 CEO Pay Ratio Together we're building the future of protection. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). VP & CFO at Allstate Corp. As the Exec. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . He is also a Certified Public Accountant. Your update should be done soon. 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. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. Mario Rizzo Net Worth (2023) | wallmine 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. 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. 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. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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. 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 Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. 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. What is the salary of Mario Rizzo? This article has been edited and condensed. Insiders at Allstate own 1.8% of the company. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension 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. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. document.write(new Date().getFullYear()); Allstate Insurance Company. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. What is your take on integrating sustainability into financial planning? All Rights Reserved. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. ( bit.ly/2qpn7uh ) Oops! There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. There are 24 older and 6 younger executives at Allstate Corp. Mario Rizzo President, Property-Liability Steve Sorenson Executive Vice President, Corporate Business Transformation Bob Toohey Executive Vice President, Chief Human Resources Officer Terrance Williams Executive Vice President and President, Protection Products and Services Meet our board You have entered an invalid ZIP. ALLSTATE CORP Executive Salaries & Other Compensation | Salary.com The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Mario Rizzo - Biography
