The information shown here is a reporting of information included in the company's proxy statement. Allstate's Leadership Depth Provides Strategic and Operational Continuity For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Allstate names Rizzo to succeed Shapiro as president of property-liability 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. How do I contact Mario Rizzo? Allstate Selects Only Diverse Investment Banks For $1.2 Billion Bond Deal Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Allstate Executives Shuffle With Retirement of Property-Liability President 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. 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. 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 our future leaders. 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. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. Thorough reviews have been conducted to assure this data accurately reflects disclosures. This article has been edited and condensed. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. Glenn T. Shapiro - Salary.com For other finance leaders out there, I just want to say: think big. Learn More on Allstate's active insiders. Mario Rizzo Net Worth (2023) | wallmine CA Allstate has 54,300 employees. Enter your email address below to get our daily insider buying and selling report. This report is not for commercial use. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. "Allstate brand implemented auto rate increases totaled $240. Thomas J. Wilson - Salary.com Allstate Increases Quarterly Dividend by 50% 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. The insurer also promoted Shebik as vice chairman. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Learn More on Allstate's active insiders. View Mario Rizzo's colleagues in Allstate Employee Directory. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. What is the salary of Mario Rizzo? As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Molly Wilson on LinkedIn: Allstate's Plan to Return to Profit in Auto 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. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. He is on the board of directors of St. Laurence High School in Burbank, Illinois. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. He is also a Certified Public Accountant. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Jess Merten will assume the Chief Financial Officer role, leveraging his broad You may also find the annual proxy statement by going directly to the company's website. Get notified the next time Mario Rizzo buys or sells Allstate stock. The chart on this page features a breakdown of the total annual pay for Mario Rizzo, Executive Vice President and Chief Financial Officer at ALLSTATE CORP as reported in their proxy statements. He will become President, Property-Liability, on Sept. 1. 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. 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. Log in, Subscribers need to be logged in to see rest of this article. This represents a 50% increase from the . We are a large buyer of catastrophe reinsurance, with a per-occurrence cover that starts at $500 million and exhausts at approximately $5.8 billion, as well as $1 billion in annual aggregate coverage. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Learn More about Mario Rizzo's net worth. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. Please enter zip code. 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. We offer a lot beyond typical auto and home insurance. ALLSTATE CORP Executive Salaries & Other Compensation | Salary.com 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. 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. 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. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. We can help parents teach their kids to be safer drivers with our Drivewise telematics offering and, as people have been driving less since the beginning of the pandemic, our pay-per-mile Milewise product has grown dramatically, meeting the evolving driving needs of consumers and encouraging a low-carbon economy. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Oops! But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. 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. 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. 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. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. Please enter zip code. Learn More about insider trades at Allstate. 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 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. What is your take on integrating sustainability into financial planning? It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. Chicago CFO of the Year is a registered trademark of FEI Chicago. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. The Cor. What else does Allstates finance leadership do to promote DE&I? But the good news is, if China invades Taiwan, there is a way to protect yourself. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. Another thing differentiating Allstate is the breadth of our products. 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 For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. 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. 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. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. 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.