The company said Mario Rizzo will serve as Chief Operating Officer, responsible for the Property-Liability and Protection Services businesses, effective October 1, 2025, and that Jesse E. Merten will succeed him as President, Property-Liability.

1. 01

   The company said Mario Rizzo will serve as Chief Operating Officer, responsible for the Property-Liability and Protection Services businesses, effective October 1, 2025, and that Jesse E. Merten will succeed him as President, Property-Liability.

2. 02

   It said John E. Dugenske will serve as interim Chief Financial Officer, along with his current role as President, Investments and Corporate Strategy, while an external search is underway.

3. 03

   Allstate said Rizzo's annual base salary is $950,000, with a target cash annual incentive of 250% of salary. Merten's base salary is $900,000, with a target cash annual incentive of 225% of salary.

4. 04

   The company said Rizzo will be eligible for an equity grant of $60,000 and Merten for $57,000 on October 3, 2025. It said Dugenske will be eligible for restricted stock units worth $1,000,000, vesting in 3 annual installments of 1 each.

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Original filing

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