Rating reflects Thrivent’s strong business profile and operating performance despite the headwinds of 2020, along with efforts to grow and serve its clients.
MINNEAPOLIS – AM Best announced it has affirmed Thrivent’s A++ (Superior) rating as well as its stable outlook. The A++ (Superior) rating is the highest of the agency’s 16 ratings categories.
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. Thrivent’s diversified and well-managed product portfolio, loyal membership base and continued efforts to grow also were cited as positive factors that contributed to the rating.
“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,” said 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.”
Ratings from agencies like AM Best are indicative of Thrivent’s financial strength and claims-paying ability to meet policyholder obligations but do not apply to the investment performance of investment products.
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 2.3 million clients, offering advice, insurance, investments, banking and generosity products and programs over the phone, online as well as through financial professionals and independent agents nationwide. Thrivent is a Fortune 500 company with $162 billion in assets under management/advisement (as of 12/31/20). Thrivent carries an A++ (Superior) rating from AM Best, a credit rating agency; this is the highest of the agency’s 16 ratings categories and was affirmed in June of 2021. Rating based on Thrivent’s financial strength and claims-paying ability. Does not apply to investment product performance. For more information, visit