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Mario Rizzo - FEI Chicago Chapter Financial Executives International (FEI) is the premier association for CFO's and other senior financial executives in the United States and Canada. 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. BREAKING: Tiny biotech successfully treats blindness. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. As of Sept. 30, Allstate has an investment portfolio of $91.2 billion, a huge amount diverse firms can potentially benefit from. While we may all have different views on climate change, the increase in catastrophic activity and wildfires is indisputable. Mario Rizzo: Its true that price is a significant differentiator and a key to driving customer satisfaction. VP & CFO of Allstate Corp, the total compensation of Mr Rizzo at Allstate Corp is $2,028,151. Jeff Thomson: Insurance is an increasingly commoditized market, with consumers often choosing carriers based on price alone. 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. document.write(new Date().getFullYear()); Allstate Insurance Company. When we do this successfully, well address the price variable of the equation, while also differentiating our customer value proposition in the market. 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 shares were sold at an average price of $122.57, for a transaction totalling $3,143,675.36. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Rizzo has a bachelors degree in economics from the University of Michigan and an MBA in finance and accounting from the University of Chicago. Please try again. 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 can continue to drive systemic change. 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). In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. "Allstate brand implemented auto rate increases totaled $240. senior financial executives in the United States and Canada. He is also a certified public accountant. 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. 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. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. While price is critically important, keeping our customers protected in all areas of their lives is how we keep them in good hands. 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. They sold a total of 176,962 shares worth more than $23,587,115.41. This information is according to proxy statements filed for the 2021 fiscal year. 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. Your update should be done soon. In this role, he helps lead the company's Transformative Growth strategy to grow property-liability market share. View Mario Rizzo's colleagues in Allstate Employee Directory. Chicago CFO of the Year is a registered trademark of FEI Chicago. Allstate has 54,300 employees. He has been instrumental in ensuring Allstate's strong capital management and financial flexibility. Information on this page was last updated on 2/22/2023. 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 can also be reached via phone at (847) 402-5000 and via email at [emailprotected] Learn More on Mario Rizzo's contact information. Mario Rizzo, currently the Chief Financial Officer, has been a full partner in these successes and will succeed Glenn as President, Property-Liability. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. This report is not for commercial use. 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. The most recent insider tranaction occured on February, 22nd when CFO Jesse E Merten sold 29,451 shares worth more than $3,951,735.18. . It's taking a bit longer than expected. Executive Vice President and Chief Financial Officer The Allstate Corporation Jan 2018 - Present5 years 2 months Northbrook, Illinois Senior Vice President and CFO, Allstate Personal Lines. The insurer also promoted Shebik as vice chairman. We owe it to our customers to offer them industry-leading products at affordable prices. Phone Email. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Mario Rizzo Net Worth The estimated Net Worth of Mario Rizzo is at least Allstate Corp stock worth over 8,231,629$ and over the last 4 . He is on the board of directors of St. Laurence High School in Burbank, Illinois. 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.). Learn More on Mario Rizzo's trading history. You may also find the annual proxy statement by going directly to the company's website. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. This net worth evaluation does not reflect any other investments that Mr. Rizzo may own. 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). You may also find the annual proxy statement by going directly to the company's website. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. All proxy statements are public filings made available to the general public by the SEC. Location data not available. 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. Its the most important work we do and its who we are as a company. How do I contact Mario Rizzo? 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. document.write(new Date().getFullYear()); Allstate Insurance Company. Enter your email address below to get our daily insider buying and selling report. 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. How do you as CFO play a role in differentiating Allstate value through investments in technology, service or product? It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property Liability and Corporate and Other. The Allstate Protection sells private passenger auto and homeowners' insurance through agencies and directly through call centers and the internet. Most recently he exercised 25,648 units of ALL stock worth $1,811,262 on 4 February 2022. Rizzo has served as Chief Financial Officer of Allstate Personal Lines as well as corporate Treasurer. Mr. Rizzo owns 49,490 shares of Allstate stock worth more than $6,341,154 as of March 4th. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. 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. Mario Rizzo was named president, Property-Liability, at Allstate effective September 1. Mario Rizzo is the Exec. This was something I learned when I recently spoke with Mario Rizzo, CFO of Allstate. 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. Please enter zip code. 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. 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. All Rights Reserved. Mario Rizzo became Chief Financial Officer in 2018 and has been successful in many different roles since joining Allstate 33 years ago. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. On average, Allstate Corp executives and independent directors trade stock every 14 days with the average trade being worth of $4,054,033. 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 We offer a lot beyond typical auto and home insurance. There are 21 older and 8 younger executives at Allstate Corp. 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. Jess Merten will assume the Chief Financial Officer role, leveraging his broad We have a powerful team that guides us to be bold, innovative and collaborative. 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.). Mario Rizzo is Chief Financial Officer, Executive Vice President of the company. Opinions expressed by Forbes Contributors are their own. The estimated Net Worth of Mario Rizzo is at least $12.4 Million dollars as of 4 February 2022. Allstate's insider roster includes John Dugenske (Insider), Suren Gupta (EVP), Harriet Harty (EVP), Susan Lees (EVP), Jesse Merten (Insider), Samuel Pilch (VP), John Pintozzi (CAO), Mark Prindiville (EVP), Mario Rizzo (CFO), Steven Shebik (Vice Chairman), Judith Sprieser (Director), Thomas Wilson (CEO), and Matthew Winter (President). Most recently he exercised 25,648 units of ALL stock worth 1,811,262$ on 4 February 2022. .