Minneapolis – Thrivent, a Fortune 500 diversified financial services organization, continues to maintain its financial strength and stability, as recognized in three recent rating reports by independent agencies.
S&P Global Ratings affirmed its AA+ (Very Strong) long-term issuer credit and financial strength rating on Thrivent and gave the organization a Stable outlook. The rating, which is the second highest of the agency’s 20 rating categories, highlights Thrivent’s distribution force, better-than-peer persistency ratio, strong competitive position and excellent capital adequacy as key strengths.
Moody’s Ratings affirmed Thrivent’s Aa2 (Excellent) rating and stable outlook, the third highest of the agency’s 21 rating categories. Moody’s cited Thrivent’s excellent financial profile, which is supported by strong capitalization, good financial flexibility and stable cash flow from its in-force life insurance and annuity businesses. The agency also recognized Thrivent’s commitment to serving its members, good corporate governance and disciplined risk management.
AM Best affirmed Thrivent’s A++ (Superior) rating and stable outlook, the highest of the agency’s 13 rating categories. The agency recognized Thrivent for continuing to maintain its balance sheet strength and stability, strong operating performance, favorable business profile, and very strong enterprise risk management. They also noted Thrivent’s high-quality statutory capital structure, diversified product portfolio, and continued efforts to grow as positive factors.
“These ratings are indicative of the strategic and thoughtful way we run our business, and they represent our dedication to putting our clients first in everything we do,” said David Royal, chief financial and investment officer at Thrivent.
About Thrivent
Thrivent is a diversified financial services organization that helps people achieve financial clarity, enabling lives full of meaning and gratitude. Thrivent and its subsidiary and affiliate companies serve more than 2.4 million clients, offering advice, insurance, investments, banking and generosity products and programs online and through financial advisors and independent agents nationwide. Thrivent is a Fortune 500 company with $179 billion in assets under management/advisement (as of 12/31/23). Thrivent carries ratings from independent rating agencies which demonstrate the strength and stability of the organization, including an A++ rating from AM Best; an Aa2 rating from Moody’s Ratings; and an AA+ rating from S&P Global Ratings. Ratings are based on Thrivent’s financial strength and claims-paying ability, but do not apply to investment product performance. For information on these ratings, visit the rating agency’s website. Dividends are not guaranteed. For more information about Thrivent, visit Thrivent.com or find us on Facebook, Instagram and LinkedIn.
Thrivent is the marketing name for Thrivent Financial for Lutherans. Insurance products issued by Thrivent. Not available in all states. Securities and investment advisory services offered through Thrivent Investment Management Inc., a registered investment adviser, member FINRA and SIPC, and a subsidiary of Thrivent. Licensed agent/producer of Thrivent. Registered representative of Thrivent Investment Management, Inc. Advisory services available through investment adviser representatives only. Thrivent.com/disclosures.
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