Our financials
Thrivent is honored to serve our clients from a position of financial strength and stability. Below, you’ll find information that shows our financial strength ratings, our performance in recent years, and our commitment to being good stewards of the resources our clients entrust to us.A++ (Superior)AM BestRated highest of 13 categories (September 2025)
Aa2 (Excellent)Moody’s Investors ServiceRated third highest of the agency’s 21 categories (July 2025)
AA+ (Very Strong)S&P GlobalRated second highest of the agency’s 22 categories (April 2025)
Fortune 500Named for 31 consecutive years in Fortune Magazine (June 2025)
2.4 millionclients served nationwide*
$212 billionAssets under management/advisement*
$18 billionFinancial strength of total adjusted surplus*
$2.0 billionin life and health insurance claims paid*
2025 financial resultsSee below for Thrivent’s condensed statutory financial information.
| As of December 31ST (in millions) | 2024 | 2025 |
| Admitted Assets | ||
| Bonds | $52,993 | $54,999 |
| Stocks | 1,542 | 2,230 |
| Mortgage loans | 10,867 | 10,960 |
| Cash and short-term investments | 1,437 | 1,860 |
| Other investments | 12,894 | 12,651 |
| Total investments | 79,733 | 82,700 |
| Other assets | 779 | 782 |
| Assets held in separate accounts | 37,442 | 38,997 |
| Total admitted assets | $117,954 | $122,479 |
| Liabilities | ||
| Reserves for life, annuity and health contracts | $60,787 | $63,061 |
| Provision for dividend payments to clients with membershipa | 436 | 443 |
| Other liabilities | 4,879 | 5,046 |
| Liabilities related to separate accounts | 37,324 | 38,857 |
| Total liabilities | 103,426 | 107,407 |
| Capital and surplus | 14,528 | 15,072 |
| Total liabilities and surplus | $117,954 | $122,479 |
| For the year ended Dec. 31 (in millions) | 2024 | 2025 |
| Premium income and contract proceeds | $6,402 | $5,823 |
| Net investment income | 3,830 | 3,822 |
| Other income | 891 | 889 |
| Total revenue | 11,123 | 10,534 |
| Contractholders’ benefits | 8,842 | 8,304 |
| Commissions and operating costs | 1,527 | 1,693 |
| Other | 34 | 31 |
| Total benefits and expenses | 10,403 | 10,028 |
| Gain from operations before capital gains and losses | 720 | 506 |
| Capital gains and (losses), net | (122) | 209 |
| Net income | $598 | $715 |
Transparent reporting
Thrivent is a membership-owned fraternal benefit society and diversified financial services organization. We offer the following financial information for our clients and stakeholders.
Annual reports
Our annual reports recount Thrivent’s activities for the year and operational information.
Audited financial statements
Below are the official audit reports of our statutory financial statements.
Statutory annual financial statements
These statements contain information on Thrivent’s financial position and results of operations prepared in accordance with statutory accounting practices and filed with regulators.
Statutory quarterly financial statements
These statements contain information on Thrivent’s financial position and results of operations prepared in accordance with statutory accounting practices and filed with regulators.
Questions?For inquiries regarding our corporate financial information, please contact:
Joe Barnes, Director of Reporting & Controls.
boxfinancialreporting@thrivent.com
Joe Barnes, Director of Reporting & Controls.
boxfinancialreporting@thrivent.com
Experience the Thrivent difference
Your initial meeting is offered at no cost and no obligation. Because we know how important finding the right financial advisor is.
- *As of Dec. 31, 2025.
- Ratings are based on Thrivent’s financial strength and claims-paying ability. Does not apply to investment product performance. For information on each rating, visit the individual rating agency's website.