VP & CFO of Allstate Corp since . All proxy statements are public filings made available to the general public by the SEC. 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 Thomas Wilson having the highest compensation of $19,615,700. 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. These products are marketed under the Allstate, Encompass and Esurance brand names. 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. 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. 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. All Rights Reserved. Our recent bond issuance is proof of that, where we were able to drive a terrific outcome in supporting equity in financial markets. Mario's mailing address filed with the SEC is C/O THE ALLSTATE CORPORATION, 3100 SANDERS ROAD, NORTHBROOK, IL, 60062. Nathan Ellsworth. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. He is on the board of directors of St. Laurence High School in Burbank, Illinois. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. 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. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. ALLSTATE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. The update comes about two weeks after Allstate reported a loss of $310 million in the fourth quarter, mostly related to unprofitability in the auto insurance segment where Allstate recorded an. It's taking a bit longer than expected. President, Property-Liability Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. 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. What is Mario Rizzo's salary? Its the most important work we do and its who we are as a company. 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. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. Executive Vice President and Chief Financial Officer. We have a powerful team that guides us to be bold, innovative and collaborative. This article has been edited and condensed. Rizzo has held numerous senior roles at Allstate during his 33 years with the company, most recently as executive vice president and chief financial officer of The Allstate Corporation and Allstate Insurance Company. 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. Insurance Tip Tuesday Looks like 2023 will see more increases for AllState Auto Insurance policy holders . For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. Allstate Insurance Company. Please enter zip code. Allstate can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. 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. Jim Reynolds, chairman and CEO of Chicago-based Loop Capital, which . But we went on to discuss Allstates proactive approach to certain climate change risks, as well as the firms recent efforts around diversity, equity and inclusion (DE&I). In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. 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. Insiders at Allstate own 1.8% of the 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. Please try again. During the last year, insiders at the insurance provider sold shares 3 times. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Mario Rizzo is the Exec. Jess Merten, president of Allstate's financial products business, will take over as CFO, also on September 1. Information on this page was last updated on 2/22/2023. 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. BREAKING: Tiny biotech successfully treats blindness. He is also a certified public accountant. Please enter zip code. Location data not available. The insurer also promoted Shebik as vice chairman. Rizzo previously served for nearly eight years as Allstates Treasurer and Assistant Treasurer, and as Vice President in APL Finance before that. Together we can continue to drive systemic change. Chart Data in Insider Trading History Table. Please. 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Lisa Wicka. As of 4 February 2022 he still owns at least 62,375 units of Allstate Corp stock. 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). 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. 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. 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 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. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. 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 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 He will become President, Property-Liability, on Sept. 1. In addition, he makes $4,426,140 as Chief Financial Officer et Executive Vice President at Allstate Corp. Thomson: Like climate change consumers are asking companies to take a more active role in Diversity, Equity and Inclusion (DE&I) initiatives. The Allstate Corporation We can help parents teach their kids to be safer drivers with our Drivewise telematics offering and, as people have been driving less since the beginning of the pandemic, our pay-per-mile Milewise product has grown dramatically, meeting the evolving driving needs of consumers and encouraging a low-carbon economy. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Its a complicated issue that requires a comprehensive approach for success. But that doesnt mean insurance companies cant be innovative, dynamic changemakers within their industry and in broader society. We owe it to our customers to offer them industry-leading products at affordable prices. VP & CFO at Allstate Corp. What is the salary of Mr Rizzo? There are 5 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. 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. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement.

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