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

Strong operating and investment results allowed Minneapolis-based Thrivent to return a record $564 million in payouts to 2.4 million customers.

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

This is the third consecutive year of record payouts from Thrivent.

“It’s one of my favorite things we do every year. It’s a very happy board meeting when the project is approved,” said David Royal, who also serves as Thrivent’s chief financial officer and chief investment officer. “It’s a reminder that customers are at the heart of everything we do.”

Strong investment returns have helped Thrivent return $542 million to customers in 2024 and more than $3 billion over the past 10 years.

Double-digit stock gains have helped boost Thrivent’s returns, but Royal notes that Thrivent also owns nearly $10 billion in private equity capital. “Performance is driven more by the long-term returns of private asset classes over time.”

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

Royal says Thrivent makes payments for a wider range of products than most insurance companies.