MINNEAPOLIS - Thrivent, a Fortune 500 diversified financial services organization, announced today that it will distribute $400 million in dividend payments and credited rate enhancements to its clients in 2023. As a not-for-profit fraternal benefit organization, Thrivent doesn’t have stockholders and instead returns value to its clients each year. Thrivent has paid dividends to its clients every year since 1913, distributing $2.9 billion in the last 10 years alone.
“At Thrivent, our clients are the heart of our organization and we have a deep responsibility to be good stewards of the resources they entrust to us,” said David Royal, chief investment and financial officer at Thrivent. “It’s an honor to deliver record-breaking dividends and credited rate enhancements to our clients in 2023, which exemplifies Thrivent’s promise to help clients achieve financial clarity, enabling lives full of meaning and gratitude. This is possible because of Thrivent’s unwavering commitment to our clients and the diligent management of our financial resources.”
This year’s record-breaking dividend distribution is made possible because of Thrivent’s long-term performance and financial strength, and reflects the disciplined management philosophy that has put the organization in a strong surplus position. In June 2022, independent rating agency AM Best reaffirmed Thrivent’s A++ (Superior) rating, its strongest possible rating, which the organization has received for more than two decades. Thrivent also carries an Aa2 (Excellent) rating from Moody’s Investor Service, the third highest of the agency’s 21 rating categories, and an AA+ (Very Strong) rating from S&P Global Ratings, the second highest of the agency’s 20 rating categories.
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 $189 billion in assets under management/advisement (as of 12/31/21). Thrivent carries an A++ (Superior) rating from AM Best, a credit rating agency; this is the highest of the agency’s 13 rating categories and was affirmed in June of 2022. For more information, visit