Penn State Basketball Recruiting 2023, Importance Of Kada In Hinduism, Tennessee Soccer Club Board Of Directors, Articles M

Jess Merten will assume the Chief Financial Officer role, leveraging his broad financial and operating experience at Allstate over the last decade. What else does Allstates finance leadership do to promote DE&I? Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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). 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). In addition, he makes $4,426,140 as Chief Financial Officer and Executive Vice President at Allstate Corp. Mario has made over 4 trades of the Allstate Corp stock since 2018, according to the Form 4 filled with the SEC. As the CFO of The Allstate Co., Mr. Rizzo earned a total compensation package of $4,519,516.00 in 2021. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Please enter zip code. The Run-off Property Liability relates to property and casualty insurance policies with exposure to asbestos, environmental and other claims. 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 have modified underwriting, redesigned our homeowners product to better match price with risk and created an internal brokerage to provide customers alternatives for coverage. The insurer also promoted Shebik as vice chairman. 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. Insiders at Allstate own 1.8% of the 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 most recent insider tranaction occured on February, 22nd when CFO Jesse E Merten sold 29,451 shares worth more than $3,951,735.18. 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. Since the start of 2022, Rizzo said Allstate has implemented 64 rate increases with an average of about 9% across 51 locations. What is your take on integrating sustainability into financial planning? Learn More about Mario Rizzo's net worth. 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). Location data not available. Enter your email address below to get our daily insider buying and selling report. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. The information shown here is a reporting of information included in the company's proxy statement. Executive Vice President and Chief Financial Officer. 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. Oops! 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 future leaders. 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. 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. As Executive Vice President and Chief Financial Officer at ALLSTATE CORP, Mario Rizzo made $4,519,516 in total compensation. Jess Merten will assume the Chief Financial Officer role, leveraging his broad 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. 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. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. 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. You have entered an invalid ZIP. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Were also a founding member of OneTen, a corporate commitment to hire and promote a million Black Americans over the next 10 years. 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. Another thing differentiating Allstate is the breadth of our products. 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). Log in, Subscribers need to be logged in to see rest of this article. . 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. 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. 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. Rizzo has been the senior vice president and chief financial officer of Allstate's personal lines business since June 2014. "Mario Rizzo, president of Allstate 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? For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. The corporate mailing address for Mr. Rizzo and other Allstate executives is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. Weve developed a strategic plan for DE&I, and were accountable at a board level to execute on that. Tom Wilson is the Chair, President and Chief Executive Officer of The Allstate Corporation. Mario Rizzo is president, Property-Liability, responsible for product, claims, operations, service and distribution related to Allstate's personal and commercial lines of insurance. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Its a complicated issue that requires a comprehensive approach for success. Together we're building the future of protection. The oldest executive at Allstate Corp (The) is Samuel Henry Pilch, 74, who is the Sr. Group VP & Controller of Allstate Insurance Company. Owner. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. 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 brand implemented auto rate increases totaled $240. He is also a Certified Public Accountant. He has held key leadership positions at the company since 1995, including all major operating units. 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. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'. Every carefully selected member of our Board of Directors helps us uphold our commitments to our stakeholders. Thorough reviews have been conducted to assure this data accurately reflects disclosures. The estimated net worth of Mario Rizzo is at least $6.34 million as of May 10th, 2021. Before that, he was chief financial officer of Property-Liability, Allstate treasurer, and vice president, Allstate Protection Finance. 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 Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. He has been CEO of Allstate since 2007 and became Chair of The Allstate Corporation's Board of Directors in 2008. Recent Reinsurance News Intact Financial Corporation has announced that the RSA UK Pension Information on this page was last updated on 2/22/2023. There are 9 executives at Allstate Corp getting paid more, with Thomas Wilson having the highest compensation of $19,615,700. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. During the last year, insiders at the insurance provider sold shares 3 times. BREAKING: Tiny biotech successfully treats blindness. 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).