Thrivent Financial for Lutherans - Company Profile
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Thrivent Financial for Lutherans (Thrivent Financial) is a not for profit financial services provider. The company offers insurance, annuities and investment products along with financial planning advisory services to individuals and families, businesses, churches and non-profit organizations, advisors and independent producers, and members. Its insurance products include life insurance, Medicare supplement insurance, disability income insurance and long-term care insurance. Thrivent Financial’s annuity products include immediate payout annuities, fixed annuities and variable annuities; and mutual funds and other investment products. It also offers the option of maintaining individual retirement accounts. The company also creates, manages and funds outreach programs to support congregations, schools, nonprofits and individuals. Thrivent Financial distributes its products through career financial representatives in the US. The company is headquartered in Minneapolis, Minnesota, the US.
Headquarters
United States of America
Address
600 Portland Avenue S, Suite 100, Minneapolis, Minnesota, 55415-4402
Website
www.thrivent.com
Telephone
1 800 8474836
Industry
Financial Services
Revenue (2022)
$9.4B
Thrivent Financial for Lutherans premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Annuities: | Trust and Investment Services |
| Immediate Fixed Annuities | Investment Management |
| Deferred Fixed Annuities | Financial Planning |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Acquisitions/Mergers/Takeovers | In September, the company acquired a majority stake in College Ave Student Loans, a fintech lender for private student loans. |
| 2021 | Others | In June, the company was affirmed with rating of “A++ (Superior)” with stable outlook by AM Best. |
| 2021 | Corporate Awards | In February, the company was named as one of the 2020 World's Most Ethical companies by Ethisphere for the tenth time. |
Competitor Comparison
| Key Parameters | Thrivent Financial for Lutherans | Nationwide Mutual Insurance Co | Liberty Mutual Holding Company Inc | Equitable Financial Life Insurance Company | Great American Financial Resources, Inc. |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Minneapolis | Columbus | Boston | New York City | Cincinnati |
| State/Province | Minnesota | Ohio | Massachusetts | New York | Ohio |
| No. of Employees | - | - | 50,000 | - | - |
| Entity Type | Private | Private | Private | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| N Cornell Boggs III | Chairman | Executive Board | 2023 | - |
| Teresa J. Rasmussen | Director; President; Chief Executive Officer | Executive Board | - | - |
| Paul R. Johnston | Chief Legal Officer; General Counsel; Secretary; Executive Vice President | Senior Management | - | - |
| Greg McCullough | Senior Vice President; Chief Communications Officer | Senior Management | - | - |
| Mary Jane Fortin | Chief Commercial Officer; President | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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