Management ChangeJul 14, 2026, 04:42 PM
Allstate Appoints Christian Lown as New CFO
AI Summary
The Allstate Corporation announced the appointment of Christian M. Lown as its new Executive Vice President and Chief Financial Officer, effective August 3, 2026. Mr. Lown brings over 25 years of finance and capital markets experience, having previously served as CFO for CoStar Group, Inc. and Freddie Mac. His compensation package includes an annual base salary of $875,000, significant incentive opportunities, and a $2 million cash sign-on bonus along with a $4.1 million equity grant. Mr. Lown succeeds Jess Merten, who transitioned to President of Property-Liability.
Key Highlights
- Christian M. Lown appointed Executive Vice President and Chief Financial Officer, effective August 3, 2026.
- Mr. Lown previously served as CFO of CoStar Group, Inc. (July 2024-July 2026) and Freddie Mac (June 2020-June 2024).
- Annual base salary set at $875,000.
- Eligible for discretionary cash incentive awards with an annual target of 200% of salary.
- Eligible for equity incentive opportunity of 375% of salary (60% performance stock, 20% RSUs, 20% stock options).
- Will receive a one-time cash sign-on bonus of $2,000,000.
- Will receive a sign-on equity grant of $4,100,000 in RSUs with ratable 3-year vesting.
- Mr. Lown succeeds Jess Merten, who became President of Property-Liability in October 2025.
Price Impact
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