Member-owned fraternal financial services organisation founded in 1902, providing insurance and financial solutions to over 2 million clients and managing more than $170 billion in assets.
Thrivent Financial for Lutherans is a member-owned fraternal financial services organisation founded in 1902 by 500 Lutheran immigrants in the Upper Midwest of the United States, each contributing $5 to establish a mutual fund that would protect their families. The organisation now provides insurance and financial solutions to more than 2 million clients and manages more than $170 billion in assets across the United States.
Its structure is that of a fraternal benefit society rather than a conventional shareholder-owned insurer: members hold governance rights, and in 2013 they voted to extend the organisation's common bond beyond its Lutheran origins to all Christians. The original purpose - mutual support among neighbours - remains central to how the firm describes its work, and its stated view is that money is a tool rather than a goal.
Thrivent operates in the financial services, insurance and fraternal member-owned sectors, and has been named one of the World's Most Ethical Companies for more than a decade. Its culture emphasises wise financial stewardship, generous living and community activity, consistent with a faith-based mission rooted in its Lutheran heritage.
