Don Civgin is the CEO of The Allstate Corporation, a major player in insurance. He started this role on January 1, 2020. Before that, he held various key positions within Allstate, showing his commitment to the company. He has a...

Number of Employees

53.4K

Year

2023

Total Compensation

$3.46M

Salary

$1.39M

Board Justification

The compensation philosophy emphasizes pay for performance, aligning executive compensation with the company's strategic goals and shareholder interests.

Bonus

$2.08M

Board Justification

The annual cash incentive award was approved at $2,077,500, which was 50% of the funding level due to negative net income.

Other

$0.00

Board Justification

No other compensation was reported for 2023.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2023 as the focus was on cash compensation and performance metrics.

Performance Metrics

Performance metrics included Total Premiums, Performance Net Income, and Net Investment Income, with a focus on achieving positive net income.

SEC Filing

From April 1, 2024

Don Civgin

CEO of Allstate

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Education

Bachelor's degree from the University of Michigan

Field of Expertise

Business & Management - Business Management

Born

February 5, 1969 - 55 years ago

Is Founder?

No

Current Tenure

5 years 0 months (Jan 2020 - Present)

Previous Experience

President of Service Businesses at Allstate