The Front Office

Scouting report · ALL

Thomas J. Wilson

  • Chair, President & CEO, ALL since 2007-01src

Allstate CEO since January 2007, Chair since May 2008, President again since 2018

—thin record

Not ranked yet

Scouting sheet

as of 24 Sep 2026
Delivers guidance—0 beat · 1 met · 0 missed · 1 withdrawn — fewer than 4, not scored
Answers the question—no call reviewed yet
Capital allocation100company five-year record: compounds
Pay design9093% performance-conditioned · roe, relative tsr, margin, revenue, operating income · 92.7% for · 0.22% of net income
Skin in the game75stake worth $236.0m, 10× last year's pay
Age
68src
In the role
20 yr
Promises scored
2
Hit rate
50%
Dodges / 100 answers
—
Airtime on calls
53%
Every promise, oldest firstMW

What to weigh

Watch 6

  • Two analysts on the 2026-08-05 call asked where the auto combined ratio goes from a 12-point cushion. He redirected both times (dossier S8 dodge roll-up, turns 22 and 54)src
  • The 30% Performance Net Income part of the bonus pool paid at the 200% cap in 2025 ($8,634m against a $6,140m maximum). The measure replaces catastrophes with plan but keeps reserve releasessrc
  • Sold 201,684 shares for about $41.6m in the 12 months to 2026-09-24, all under a 10b5-1 plan adopted 2025-06-27, across 12 Form 4s from October 2025 to March 2026src
  • The CFO seat has had three occupants since October 2025: Merten, then Dugenske as interim, then outsider Christian Lown from 2026-08-03src
  • Say-on-pay support fell to 92.7% of votes cast at the May 2026 meeting, from over 95% in 2025; his own re-election drew 13.4m votes againstsrc
  • Combined Chair and CEO for 18 years, age 68 and retirement-eligible under the plans. Rizzo became COO in October 2025, but no successor has been namedsrc

In their favour 2

  • About 93% of 2025 CEO pay was at-risk; his equity is 70% PSAs on ROE and relative TSR and 30% options, with no time-vested RSUssrc
  • Owns 1.07% of the company counting exercisable options, the only insider above 1%. Company policy bans hedging and restricts pledging, and no shares were pledged at 2026-03-01src

Career

  1. 2018 – now
    The Allstate Corporationsrc
    Chair, President & CEO
    President title resumed February 2018
  2. 2015 – 2018
    The Allstate Corporationsrc
    Chair & CEO
    Did not hold the President title from January 2015 to February 2018
  3. 2008 – 2015
    The Allstate Corporationsrc
    Chair, President & CEO
    Chair since May 2008
  4. 2007 – 2008
    The Allstate Corporationsrc
    President & CEO
    CEO since January 2007; President since June 2005; director since 2006
  5. 1995 – 2007
    The Allstate Corporationsrc
    Senior roles across the operating units, including CFO and Chairman & President of Allstate Financial
    The proxy says only that he 'held other senior executive roles and led all major operating units' and previously served as CFO; the years and titles come from the search result
  6. 1986 – 1993
    Dean Witter Reynoldssrc
    Managing Director, mergers and acquisitions
  7. 1980 – 1986
    Amocosrc
    Financial positions

Not located: 1993-1995 (Sears, Roebuck, which the 2012 State Street announcement names as a prior employer, and the move to Allstate) not dated in any source searched; the proxy's 32.8 years of combined Sears-Allstate service is the only primary figure for that period

Achievements

  • CEO of Allstate since January 2007 and Chair since May 2008; the proxy credits him with creating the Transformative Growth strategy and the risk-and-return programmesrc
  • Allstate's GAAP net income went from a $188m loss in FY2023 to $4.67bn in FY2024 and $10.28bn in FY2025src
  • The 2023-2025 PSA cycle paid on Performance Net Income ROE of 26.0% against an 18.0% maximum, and relative TSR at the 64th percentile of peerssrc
  • Per the proxy, 2025 total shareholder return was 10.1% against 7.2% for proxy peers, with 2.3% of shares repurchasedsrc
  • Chaired the U.S. Chamber of Commerce board 2017-19 and later chaired the U.S. Chamber of Commerce Foundationsrc

Education

  • University of Michigan, BS Business Administrationsrc
  • Northwestern University, Kellogg School of Management, MBAsrc

Background

  • Family The 2026 proxy reports no related-person transactions since the start of 2025; no Item 401(d) family-relationship statement was found in the proxy text searchedsrc
  • Boards Former director of State Street Corporation (elected October 2012); no other public-company board todaysrc
  • Boards Chairs the board's Executive Committee; an independent Lead Director (Richard T. Hume) sits alongside the combined Chair-CEOsrc
  • Service Chair of the U.S. Chamber of Commerce board of directors 2017-19; chair of the U.S. Chamber of Commerce Foundationsrc
  • Giving 133,047 of his reported shares are owned by a private charitable foundation in which he shares voting and investment powersrc
  • Other Holds part of his stake through GRAT trusts and TJW Options LLC vehicles; in December 2025 he moved vested employee options into those LLCs (Form 4)src

The promise ledger

2 scored · 0 open
ResultWhat was promisedWhere it is scoredHow
M MetThe $1.5bn share repurchase programme announced February 2025, to be completed in 2026ALL row 7said it, with a colleague
W WithdrawnThe long-standing 14–17% return-on-equity targetALL row 8said it

Questions dodged

no call reviewed
  1. Where the auto combined ratio goes from here — asked twice in one call, by two analysts, and redirected both times. Call 2026-08-05 [20] · Charles (Greg) Peters: "you're running substantially below your 10-year average combined ratio. And I'm reconciling Slide 9 where your flat rate change -- just curious about the competitive environment and when you might start to see that combined ratio drift up more toward…

    from ALL · dossier-2026-09-24.md

  2. Where the auto combined ratio goes from here — asked twice in one call, by two analysts, and redirected both times. Call 2026-08-05 [20] · Charles (Greg) Peters: "you're running substantially below your 10-year average combined ratio. And I'm reconciling Slide 9 where your flat rate change -- just curious about the competitive environment and when you might start to see that combined ratio drift up more toward…

    from ALL · dossier-2026-09-24.md

Calls reviewed

  • FY2026-Q2.roic.json — 0 answers, 53% of the words

Sources

11
  1. Filing The Allstate Corporation DEF 14A (accession 0000899051-26-000063) · 2026-04-10
  2. Filing The Allstate Corporation 8-K Item 5.07, 2026 annual meeting results (0000899051-26-000081) · 2026-05-27
  3. Filing The Allstate Corporation 8-K Item 5.02, senior leadership changes (0000899051-25-000083) · 2025-10-01
  4. Filing The Allstate Corporation 8-K Item 5.02, CFO appointment of Christian M. Lown (0000899051-26-000109) · 2026-07-14
  5. Filing SEC XBRL companyconcept us-gaap/NetIncomeLoss, CIK 899051 (FY2025 10-K, 0000899051-26-000031) · 2026-02-20
  6. Filing Form 4, Thomas J. Wilson (reporting CIK 1190466), 10b5-1 sales of 2025-10-06 (0000899051-25-000090) · 2025-10-08
  7. Filing Form 4, Thomas J. Wilson, 10b5-1 sales of 2025-12-15 and option transfers to TJW Options LLCs (0000899051-25-000124) · 2025-12-17
  8. Filing Form 4, Thomas J. Wilson, 10b5-1 sales of 2026-03-16, the last sale in the window (0000899051-26-000053) · 2026-03-17
  9. Call transcript ALL Q2 2026 earnings call (2026-08-05), ROIC.ai
  10. Web search result WebSearch: Conference Board bio, Tom Wilson (education; Amoco, Dean Witter, Allstate Financial and CFO roles; U.S. Chamber chair 2017-19) · 2026-09-24
  11. Web search result WebSearch: Business Wire, 'State Street Elects Thomas J. Wilson, II to its Board of Directors' (2012-10-18) · 2026-09-24