Kyker Funeral Home Harriman Obituaries, Private Owned Apartments For Rent Houston, Tx, Articles M

(312) 263-1661 |info@feichicago.org|www.feichicago.org. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. 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 There are 24 older and 6 younger executives at Allstate Corp. 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. He will become President, Property-Liability, on Sept. 1. 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. Your update should be done soon. Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. Jess Merten will assume the Chief Financial Officer role, leveraging his broad 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. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. "Allstate brand implemented auto rate increases totaled $240. 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. During the last year, insiders at the insurance provider sold shares 3 times. Salaries posted anonymously by Allstate employees. 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. 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. ALLSTATE CORP Executive Salaries & Other Compensation | Salary.com View Mario Rizzo's colleagues in Allstate Employee Directory. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Chicago CFO of the Year is a registered trademark of FEI Chicago. 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 Announces Senior Leadership Changes The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. Thorough reviews have been conducted to assure this data accurately reflects disclosures. There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. Allstate's CFO On Driving Change: 'Think Big And Do It!' - Forbes Allstate: $307M in January Cat Losses and Keeps the Auto Rate Hikes Coming 2023 Financial Executives International (FEI) Chicago. Shapiro joined Allstate as chief claims officer in 2016 . Please enter zip code. President, Property-Liability Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. All proxy statements are public filings made available to the general public by the SEC. Log in, Subscribers need to be logged in to see rest of this article. We have a powerful team that guides us to be bold, innovative and collaborative. The information shown here is a reporting of information included in the company's proxy statement. Mario Rizzo is the Exec. All proxy statements are public filings made available to the general public by the SEC. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. This chart shows Mario Rizzo's buying and selling at Allstate by year and by quarter. In the face of George Floyds murder and the civil unrest that followed, we realized we needed to do more. Mario Rizzo Biography and Net Worth - InsiderTrades 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. He is also a certified public accountant. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Enter your email address below to get our daily insider buying and selling report. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Thomas J. Wilson - Salary.com ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. Allstate Increases Quarterly Dividend by 50% As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension The information shown here is a reporting of information included in the company's proxy statement. Insurance is often thought of as a conservative industry, with firms existing to provide customers a hedge against risk. "Mario Rizzo, president of Allstate It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. We offer a lot beyond typical auto and home insurance. Rizzo: At Allstate, we focus on protecting our customers from lifes uncertainties and helping them recover when the worst does happen. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Together we're building the future of protection. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Learn More on Allstate's active insiders. This information is according to proxy statements filed for the 2021 fiscal year. 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). 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. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. 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. 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, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. This report is not for commercial use. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Lisa Wicka. ( bit.ly/2qpn7uh ) Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. A free inside look at Allstate salary trends based on 13796 salaries wages for 2935 jobs at Allstate. 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. Mr Rizzo is 54, he's been the Exec. As the Exec. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. This represents a 50% increase from the . 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. You have entered an invalid ZIP. 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. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire 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. Mario Rizzo received an undergraduate degree from the University of Michigan and an MBA from The University of Chicago. Mario Rizzo | Allstate Corporation Jess Merten will assume the Chief. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Mario Rizzo Age : 55 Public asset : 7,246,735 USD Country of residence : Unknown Biography of Mario Rizzo 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.). Allstate's CFO says staying ahead of the curve is. Learn More about Mario Rizzo's net worth. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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? Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. What else does Allstates finance leadership do to promote DE&I? The insurer also promoted Shebik as vice chairman. Mario Rizzo - Executive Vice President and Chief Financial Officer 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. But the good news is, if China invades Taiwan, there is a way to protect yourself. Mario Rizzo - FEI Chicago Chapter 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 Mario Rizzo - Biography Learn More on Mario Rizzo's salary. Risk avoidance is the name of the game in insurance. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. We owe it to our customers to offer them industry-leading products at affordable prices. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. 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: Its true that price is a significant differentiator and a key to driving customer satisfaction. Allstate CFO Mario Rizzo. Last updated: 21 February 2023 at 5:57pm EST. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility.