Thomas J. Wilson has been leading The Allstate Corporation since January 2007, serving as its CEO and Chair. His journey with Allstate began in 1995, and he’s held various senior roles that shaped his approach to leadership. He earned a...

Number of Employees

53.4K

Year

2023

Total Compensation

$9.42M

Salary

$1.39M

Board Justification

The compensation philosophy emphasizes pay for performance, aligning executive compensation with long-term shareholder value through a mix of cash and equity incentives.

Bonus

$0.00

Board Justification

No bonus was awarded due to performance metrics not being met, resulting in a 50% reduction in the incentive pool due to negative net income.

Other

$156.28K

Board Justification

Includes personal use of aircraft, 401(k) match, and other benefits such as financial planning services and ground transportation.

Restricted Stock

$7.88M(0 PSAs)

Board Justification

The value of performance stock awards (PSAs) granted in 2023 is based on target performance; actual vesting will depend on performance metrics over a three-year period.

Performance Metrics

Performance metrics for 2023 included Total Premiums, Performance Net Income, and Net Investment Income, with a significant reduction in the incentive pool due to negative net income.

SEC Filing

From April 1, 2024

Thomas J. Wilson

CEO of Allstate

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Education

Bachelor's degree from the University of Illinois and an MBA from the University of Chicago

Field of Expertise

Finance & Banking - Insurance

Born

December 11, 1950 - 74 years ago

Is Founder?

No

Current Tenure

18 years 0 months (Jan 2007 - Present)

Previous Experience

President of Allstate Protection