For more than 20 years, Thrivent has been proud to receive an A++ (Superior) rating with stable outlook from credit rating agency AM Best. In June, this rating was reaffirmed once again.
Given the headwinds of 2020, this rating, the highest of the agency’s 13 ratings categories, is especially significant. It reinforces that Thrivent is a strong and stable diversified financial services organization
“AM Best's affirmation of our rating and outlook is a testament to Thrivent’s strong management of the resources our clients entrust to us,” says Vibhu Sharma, chief financial officer at Thrivent. “Our commitment to fulfill the promises we make to our current and future clients is at the heart of everything we do. This rating reinforces our ability to be here for our clients when they need us the most, continuing to guide them as they use their resources to live purpose-filled lives of meaning and gratitude.”
In its review, AM Best recognized Thrivent for continuing to maintain its balance sheet strength, strong operating performance, favorable business profile and very strong enterprise risk management. In addition, the agency noted Thrivent’s high-quality capital structure, which utilizes no debt and no financial reinsurance or affiliated captives to house redundant reserves. Finally, they cited the organization’s diversified and well-managed product portfolio, loyal membership base and continued efforts to grow as positive factors that contributed to the rating.