Thrivent Financial sees strong financial growth reported for 2012
MINNEAPOLIS – Thrivent Financial for Lutherans announced its 2012 financial results led to a fourth consecutive year of growth for the not-for-profit membership organization.
In a news release issued in late February, the firm said it increased its financial strength and along with its members provided more than 8.7 million volunteer hours and $165.3 million in direct support to charitable organizations, schools, congregations and communities across the country. Assets under management, statutory revenue, adjusted surplus, and life insurance all rose as Thrivent Financial experienced one of its best years of performance in its 111-year history. Assets under management grew to $82.2 billion, up 8.4 percent over 2011, while statutory revenue was up 4 percent, climbing to $8.3 billion from the previous year. Adjusted surplus, a key indicator of overall financial strength and stability of a financial services organization, reached $6.1 billion, 13 percent higher than 2011, and now stands at an all-time high for the organization, the release said. Strong overall sales in life, health and annuity products as well as the introduction of new life and long-term care insurance products helped drive Thrivent Financial’s 2012 growth. Thrivent Financial is represented in the local area by financial representatives Bruce Wegley, Shirley Wegley and Samantha Gunlikson at 2905 Bemidji Ave. N., Bemidji.