AM Best affirms Thrivent’s A++ (Superior) rating with stable outlook
Rating reflects Thrivent’s strong business profile and operating performance despite the headwinds of 2020, along with efforts to grow and serve its clients
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.