Thrivent will return a record $564 million in payouts in 2025

Strong operations and investment performance have enabled Minneapolis-based Thrivent to return a record $564 million in payouts to its 2.4 million customers.

The Fortune 500 financial services company will make payments to customers in 2025 in the form of dividends or policy enhancements, depending on the amount and types of insurance and annuity products Thrivent members have with the organization.

This is the third year in a row that Thrivent has made record payouts.

“This is one of my favorite things we do every year. It will be a very nice board meeting if this is approved,” said David Royal, who serves as both Chief Financial Officer and Chief Investment Officer of Thrivent. “It reminds us that the customer is at the center of everything we do.”

Strong investment returns have helped Thrivent return $542 million to customers by 2024, and more than $3 billion over the past decade.

Double-digit returns in the stock market have helped boost Thrivent’s investment returns, but Royal notes that Thrivent also owns nearly $10 billion in private equity. “Over time, performance has been driven more by long-term returns in private asset classes.”

In addition to providing customers with more dollars in dividends and policy improvements this year, Thrivent also increased the number of policies receiving benefits from 77% to 85%.

Thrivent makes payments on a broader range of products than most insurance companies, Royal said.