VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. We offer a lot beyond typical auto and home insurance. What motivated your decision making around this and why was it an important move when it came to Allstates DE&I contributions? As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. It had never been done before, so we didnt know if it could be done. 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. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Learn More on Allstate's active insiders. He is on the board of directors of St. Laurence High School in Burbank, Illinois. Board of Directors in ALLSTATE CORP Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. This article has been edited and condensed. We can help protect your phone, your appliances and electronics, and your identity. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. There are 9 executives at Allstate Corp getting paid more, with ThomasWilson having the highest compensation of $19,615,700. 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 . Learn More on Allstate's active insiders. 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). He has held key leadership positions at the company since 1995, including all major operating units. Its the most important work we do and its who we are as a company. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. There are 21 older and 8 younger executives at Allstate Corp. The information shown here is a reporting of information included in the company's proxy statement. There are 24 older and 6 younger executives at Allstate Corp. It's taking a bit longer than expected. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. 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. Mr Rizzo is 54, he's been the Exec. 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. 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. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. 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 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. VP & CFO at Allstate Corp. As the Exec. document.write(new Date().getFullYear()); Allstate Insurance Company. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. These products are marketed under the Allstate, Encompass and Esurance brand names. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. 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 . Most recently, Mario Rizzo sold 25,648 shares of the business's stock in a transaction on Friday, February 4th. Log in, Subscribers need to be logged in to see rest of this article. Mario Rizzo is the Exec. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. He joined the company in 1989. 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. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. View Mario Rizzo's colleagues in Allstate Employee Directory. Your update should be done soon. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. For its 2021 fiscal year, ALLSTATE CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Executive Vice President and Chief Financial Officer. 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. Allstate Insurance Company. 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. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. Chicago CFO of the Year is a registered trademark of FEI Chicago. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. . 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. 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. 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). Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. This information is according to proxy statements filed for the 2021 fiscal year. Location data not available. 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. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. 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 is also on the board of Allstate Life Insurance Co., Uhlich Children's Advantage Network, National General Holdings Corp. and Allstate Global Holdings Ltd. 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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. . It's taking a bit longer than expected. Last updated: 1 March 2023 at 11:00am EST. 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. During the last year, insiders at the insurance provider sold shares 3 times. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Please try again. What else does Allstates finance leadership do to promote DE&I? Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. 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. Its a complicated issue that requires a comprehensive approach for success. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. 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.