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Allstate has 54,300 employees. 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. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension 2023 Financial Executives International (FEI) Chicago. Mario Rizzo Net Worth (2023) | wallmine VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Mario Rizzo is the Exec. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Glenn T. Shapiro - Salary.com 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. Allstate names Rizzo to succeed Shapiro as president of property-liability 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 Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . Please try again. How has Allstates business model adapted to climate change, where there is no longer a question of if catastrophes will happen, just when? Is Allstate taking a more active role in helping clients implement more sustainable business practices? Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. 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). 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. 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. 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. 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. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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. 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. All proxy statements are public filings made available to the general public by the SEC. But the good news is, if China invades Taiwan, there is a way to protect yourself. Allstate Insurance Company. 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 $25,790.00. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. You have entered an invalid ZIP. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. 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. 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. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. View Mario Rizzo's colleagues in Allstate Employee Directory. Mario Rizzo Biography and Net Worth - InsiderTrades While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. Learn More about insider trades at Allstate. 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. 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 Net Worth (2022) | wallmine 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Allstate Selects Only Diverse Investment Banks For $1.2 Billion Bond Deal "Allstate brand implemented auto rate increases totaled $240. Allstate Increases Quarterly Dividend by 50% They sold a total of 176,962 shares worth more than $23,587,115.41. 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). Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. 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's CFO says staying ahead of the curve is. 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. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. 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. 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. All Rights Reserved. The information shown here is a reporting of information included in the company's proxy statement. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. What is your take on integrating sustainability into financial planning? Do it. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. 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. Oops! 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. There are 24 older and 6 younger executives at Allstate Corp. BREAKING: Tiny biotech successfully treats blindness. 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 $5,500,995 Q Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . Coronavirus Tips Working and Protection. 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. This report is not for commercial use. Allstate's Leadership Depth Provides Strategic and Operational Learn More on Allstate's active insiders. 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. Jess Merten will assume the Chief. Mario Rizzo - Biography As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Rizzo: Inclusive diversity is one of Allstates core values, and its something weve long been committed to. 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 Get notified the next time Mario Rizzo buys or sells Allstate stock. Nathan Ellsworth. President, Property-Liability 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. Rizzo is promoted to Executive Vice President and Chief Financial Officer, reporting to Shebik. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Mario Rizzo Net Worth (2022) | wallmine Allstate's Leadership Depth Provides Strategic and Operational Allstate: $307M in January Cat Losses and Keeps the Auto Rate Hikes Coming 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 The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. 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.). Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1.