You have entered an invalid ZIP. Please enter zip code. 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. 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. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. The Cor. The Allstate Corporation It's taking a bit longer than expected. 2023 Financial Executives International (FEI) Chicago. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. document.write(new Date().getFullYear()); Allstate Insurance Company. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Loop Capital Markets client, Allstate, was an underwriter of the event and invited Sidney Dillard to be interviewed by Mario Rizzo, Allstate Chief Financial Officer to discuss Allstate's ground breaking $1.2 billion November 2020 bond transaction where the company utilized an all diverse-owned investment banking syndicate. 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. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. 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 proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. There are 5 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. This represents a 50% increase from the . Please try again. We have a powerful team that guides us to be bold, innovative and collaborative. 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. We owe it to our customers to offer them industry-leading products at affordable prices. But our solution set is much broader than just reinsurance. You can see the complete history of Mr. Rizzo stock trades at the bottom of the page. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Insiders at Allstate own 1.8% of the company. Thorough reviews have been conducted to assure this data accurately reflects disclosures. As the Exec. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. 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. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. 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. Learn More on Mario Rizzo's trading history. ALLSTATE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. On average, Mario trades about 3,291 units every 90 days since 2018. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. The estimated Net Worth of Mario Rizzo is at least $12 million dollars as of 4 February 2022. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members on its annual proxy statement to the SEC. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. These products are marketed under the Allstate, Encompass and Esurance brand names. 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. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. Jess Merten will assume the Chief Financial Officer role, leveraging his broad 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. 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. 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. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. Coronavirus Tips Working and Protection, For its 2021 fiscal year, ALLSTATE CORP, listed the following executives on its annual proxy statement to the SEC. The information shown here is a reporting of information included in the company's proxy statement. 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, president of Allstate All Rights Reserved. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. 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. 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. ( bit.ly/2qpn7uh ) Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension They sold a total of 176,962 shares worth more than $23,587,115.41. 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. 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. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. You may also find the annual proxy statement by going directly to the company's website. Together we're building the future of protection. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. 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. He joined the company in 1989. Learn More on Allstate's active insiders. Please. 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. 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. Executive Vice President and Chief Financial Officer The Allstate Corporation Jan 2018 - Present5 years 2 months Northbrook, Illinois Senior Vice President and CFO, Allstate Personal Lines. 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. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . 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. 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 Its a complicated issue that requires a comprehensive approach for success. . 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. 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. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. This report is not for commercial use. Its the most important work we do and its who we are as a company. We offer a lot beyond typical auto and home insurance. Learn More about Mario Rizzo's net worth. Last updated: 1 March 2023 at 11:00am EST. Your update should be done soon. Coronavirus Tips Working and Protection. 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. How do I contact Mario Rizzo? Together we can continue to drive systemic change. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. The information shown here is a reporting of information included in the company's proxy statement. 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 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 Opinions expressed by Forbes Contributors are their own. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Please try again. 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 has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. 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. Phone Email. 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. 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. Salaries posted anonymously by Allstate employees. Financial Executives International (FEI) is the premier association for CFOs and other. 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? Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. 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). Allstate Insurance Company. document.write(new Date().getFullYear()); Allstate Insurance Company. Last updated: 21 February 2023 at 5:57pm EST. 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). Chicago CFO of the Year is a registered trademark of FEI Chicago. 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. You have entered an invalid ZIP. 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.
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