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Thrivent Financial to deliver estimated $316 million in dividends in 2010
Dividend payout a sign of organization’s continued financial stability
| MINNEAPOLIS (Nov. 18, 2009) – As a result of its continued financial strength and stability, Thrivent Financial for Lutherans will deliver an estimated $316 million in dividends to eligible members next year. The 2010 dividend scale was recently approved by the organization’s board of directors. The organization credits a number of factors for its ability to apply this dividend scale. Among them are solid operating fundamentals, a conservative product portfolio, prudent expense management and a strong member surplus.
“Thrivent Financial has maintained one of the strongest capital positions of any company in the insurance industry,” said Brad Hewitt, Thrivent Financial chief operating officer. “That prudence has enabled us to come through for our members, even during troubling economic times. While dividends are never guaranteed, Thrivent Financial’s goal is to provide value to members for years to come. Our ability to continue to pay much higher dividends than we paid even just several years ago reflects our focus on delivering value to members.” About Thrivent Financial for Lutherans Thrivent Financial for Lutherans is a not-for-profit, Fortune 500 financial services membership organization helping approximately 2.6 million members achieve financial security 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 creates and supports national outreach programs and activities that help congregations, schools, charitable organizations and individuals in need. For more information, visit www.thrivent.com. 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. 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. For additional important disclosure information, please visit www.thrivent.com/disclosures. -END- 200904609 |
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