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. Oops! He is also a Certified Public Accountant. The shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. For other finance leaders out there, I just want to say: think big. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. 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. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. There are 5 executives at The Allstate getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Executive Vice President and Chief Financial Officer. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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? It's taking a bit longer than expected. Owner. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. What is your take on integrating sustainability into financial planning? 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. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. What is the salary of Mario Rizzo? As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. It's taking a bit longer than expected. What is the salary of Mario Rizzo? Rizzo serves as a member of the Finance Committee and the Governing Board of UCAN Chicago, an organization focused on empowering youth to develop into our future leaders. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. The information shown here is a reporting of information included in the company's proxy statement. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. . Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. Allstate has 54,300 employees. 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. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. Allstate's insider roster includes John Dugenske (Insider), Suren Gupta (EVP), Harriet Harty (EVP), Susan Lees (EVP), Jesse Merten (Insider), Samuel Pilch (VP), John Pintozzi (CAO), Mark Prindiville (EVP), Mario Rizzo (CFO), Steven Shebik (Vice Chairman), Judith Sprieser (Director), Thomas Wilson (CEO), and Matthew Winter (President). 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. Mario Rizzo has not been actively trading shares of Allstate during the past quarter. 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. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. President, 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 Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. Oops! Please try again. The Allstate Corp. engages in the property and casualty insurance business and the sale of life, accident, and health insurance products through its subsidiaries. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Mario Rizzo is 53, he's been the Chief Financial Officer and Executive Vice President of Allstate Corp since 2018. NORTHBROOK, Ill., Feb. 22, 2021 - The Allstate Corporation (NYSE: ALL) board of directors has approved a quarterly dividend of $0.81 cents on each outstanding share of the corporation's common stock, payable in cash on April 1, 2021, to stockholders of record at the close of business on March 4, 2021. 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. 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. Get notified the next time Mario Rizzo buys or sells Allstate stock. The information shown here is a reporting of information included in the company's proxy statement. The Cor. He has held key leadership positions at the company since 1995, including all major operating units. Shapiro joined Allstate as chief claims officer in 2016 . Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. He is on the board of directors of St. Laurence High School in Burbank, Illinois. During the last year, insiders at the insurance provider sold shares 3 times. This represents a 50% increase from the . 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. VP & CFO of Allstate Corp since . This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Allstate CFO Mario Rizzo. The most active insiders traders include Thomas J Wilson, Edward M Liddy, and John W Rowe. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson 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. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension 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. Salaries posted anonymously by Allstate employees. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. 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. Together we're building the future of protection. VP & CFO at Allstate Corp. As the Exec. For its 2021 fiscal year, ALLSTATE CORP, listed the following board members 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 Allstate Insurance Company. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. 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. 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. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. 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. All proxy statements are public filings made available to the general public by the SEC. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. . Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. document.write(new Date().getFullYear()); Allstate Insurance Company. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Together we can continue to drive systemic change. We have a powerful team that guides us to be bold, innovative and collaborative. We can help protect your phone, your appliances and electronics, and your identity. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. Mario Rizzo is the Exec. How do I contact Mario Rizzo? Location data not available. Enter your email address below to get our daily insider buying and selling report. ( bit.ly/2qpn7uh ) Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance.