Fitch affirms Thrivent Financial for Lutherans ratingPublished 5:52am Sunday, February 3, 2013
Fitch Ratings recently affirmend Thrivent Financial for Lutherans an AA rating, the third-highest of Fitch’s 19 categories and also gave the organization a stable outlook.
Fitch cited Thrivent Financial’s strong capitalization, high quality investment portfolio, consistent profitability and favorable market position within the Lutheran market as part of the basis for the affirmation. The stable outlook was driven by the organization’s strong capital base and the expectation of Thrivent Financial’s solid operating performance, supported by conservative investment and product offerings. The ratings reflect Thrivent Financials’ overall financial strength and claims-paying ability, but do not apply to the investment performance of investment products.
“Our mission is to help our members be wise with money and inspire them to live generously,” said Randy Boushek, senior vice president and chief financial officer for Thrivent Financial for Lutherans. “Ratings from agencies such as Fitch are an affirmation of our strength, stability and the steadfast commitment to our members.”
Thrivent Financial is represented locally by Steve Zenk. His office is at 2351 Hi Tec Avenue in Albert Lea.