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Fitch affirms Thrivent Financial for Lutherans’ AA+ rating

Fortune 500 organization also receives stable rating outlook


MINNEAPOLIS (Aug. 14, 2008) – Fitch Ratings has affirmed its AA+ insurer financial strength rating1 for Thrivent Financial for Lutherans and its subsidiary, Thrivent Life Insurance Company. The AA+ rating is the second highest on Fitch’s rating scale among 21 ratings.

“This affirmation of our rating reflects our strong financial position, which demonstrates that our members can count on us to be excellent stewards of their resources,” said Randy Boushek, Thrivent Financial senior vice president and chief financial officer.

Fitch’s insurer financial strength ratings are based on a comprehensive analysis of an insurer’s regulatory solvency, liquidity, operating performance, balance sheet strength, management quality, competitive positioning and long-term business viability, among others.

According to Fitch’s opinion, issued July 31, the rating recognizes Thrivent Financial’s “established market franchise, consistently strong risk-adjusted capitalization, strong asset quality, low expense structure, and adequate profitability.” The opinion also cited Thrivent Financial’s strong membership affinity, which “contributes to its excellent life insurance policy lapse rate, which at 4.7 percent in 2007 is among the lowest in the industry.”2

Fitch noted that its rating outlook for Thrivent Financial is stable.

About Thrivent Financial for Lutherans
Thrivent Financial for Lutherans is a Fortune 500 financial services membership organization helping nearly 3 million members achieve their financial goals and give back to their communities. Thrivent Financial and its affiliates offer a broad range of financial products and services including life insurance, annuities, mutual funds, disability income insurance, bank products and more. As a not-for-profit organization, Thrivent Financial sponsors national outreach programs and activities that support congregations, schools, charitable organizations and individuals in need. For more information, visit www.thrivent.com.

1This rating does not apply to the investment performance of Thrivent Financial investment products.

2Policy lapse rate based on life insurance in force.

Securities are offered through Thrivent Investment Management Inc., 625 Fourth Ave. South, Minneapolis, MN 55415-1665, 800-THRIVENT (800-847-4836) a wholly owned subsidiary of Thrivent Financial for Lutherans. Member FINRA. Member SIPC.


Related Links
Thrivent Financial for Lutherans
Contact Information:
   Brett Weinberg
Director, Public Relations
brett.weinberg@thrivent.com
Phone: (612) 844-4272

 

 

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Appleton Office:
4321 N. Ballard Road
Appleton, WI 54919-0001 USA

Minneapolis Office:
625 Fourth Avenue S.
Minneapolis, MN 55415-1624 USA

Contact Us
800-THRIVENT
(800-847-4836)

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Insurance products issued by Thrivent Financial for Lutherans, Appleton, WI. Not all products are available in all states. Products issued by Thrivent Financial for Lutherans are available to applicants who meet membership, insurability, U.S. citizenship and residency requirements. Securities and investment advisory services are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415, a FINRA and SIPC member and a wholly owned subsidiary of Thrivent Financial for Lutherans. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc. They are also licensed insurance agents of Thrivent Financial.

Bank products and trust services are offered through Thrivent Financial Bank, (Member FDIC, Equal Housing Lender), a wholly owned subsidiary of Thrivent Financial for Lutherans. Insurance, securities, investment advisory services, and trust and investment management accounts are not deposits, are not guaranteed by Thrivent Financial Bank, are not insured by the FDIC or any other federal government agency, and may go down in value.