Jess Merten will assume the Chief Financial Officer role, leveraging his broad 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. 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. 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. . Learn More on Allstate's active insiders. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. VP & CFO of Allstate Corp since . Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Chicago CFO of the Year is a registered trademark of FEI Chicago. 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. There are 21 older and 8 younger executives at Allstate Corp. Learn More on Mario Rizzo's salary. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? 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. Last updated: 1 March 2023 at 11:00am EST. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. 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. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. 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. You may also find the annual proxy statement by going directly to the company's website. Information on this page was last updated on 2/22/2023. You have entered an invalid ZIP. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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. Please try again. There are 24 older and 6 younger executives at Allstate Corp. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. Its the most important work we do and its who we are as a company. 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. Allstate's CFO says staying ahead of the curve is. 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. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. The Cor. 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. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. 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. 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. We offer a lot beyond typical auto and home insurance. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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. Allstate has 54,300 employees. 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. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Mr Rizzo is 54, he's been the Exec. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. All proxy statements are public filings made available to the general public by the SEC. This article has been edited and condensed. Mario Rizzo is the Exec. Coronavirus Tips Working and Protection. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? 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. Shapiro joined Allstate as chief claims officer in 2016 . The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. document.write(new Date().getFullYear()); Allstate Insurance Company. document.write(new Date().getFullYear()); Allstate Insurance Company. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? 2023 Financial Executives International (FEI) Chicago. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Learn More about Mario Rizzo's net worth. This report is not for commercial use. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. 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. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. For other finance leaders out there, I just want to say: think big. 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. 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 received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. 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). Chart Data in Insider Trading History Table. Learn More on Mario Rizzo's trading history. Please enter zip code. Another thing differentiating Allstate is the breadth of our products. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. 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 on the board of directors of St. Laurence High School in Burbank, Illinois. 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. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. He will become President, Property-Liability, on Sept. 1. During the last year, insiders at the insurance provider sold shares 3 times. The Allstate Corporation 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.