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Thrivent Financial Posts 70% Earnings Gain in 2011

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Thrivent Financial for Lutherans posted a 70% rise in earnings in 2011, the company disclosed in its year-end financial results.

Thrivent Financial, Minneapolis, reported net income in 2011 of $424 million, a 70% increase over the $249.3 million the company recorded in 2010.

Thrivent Financial’s statutory revenue climbed to $7.9 billion, up 6% over 2010. And assets under management rose to $75.8 billion, up almost 4% from the previous year, the company reports.

Thrivent Financial’s life insurance in force stands at $170.2 billion, 2% higher than in 2010. The total adjusted surplus of the organization also grew 7% to $5.4 billion in 2011, the company says.

Thrivent Financial additionally reported that its members gave $175.5 million in 2011 in direct support to charitable organizations, schools, congregations and individuals in need.

In other company news:

The Hartford Financial Services Group, Hartford, Conn., declared a quarterly dividend of $0.10 per share of common stock, payable on April 2, 2012, to shareholders of record at the close of business on March 5, 2012.

The board also declared a dividend of $18.125 on each share of the Series F preferred stock (equivalent to $0.4531 per depository share) payable on April 2, 2012, to shareholders of record at the close of business on March 15, 2012.

Symetra Life Insurance Co., Bellevue, Wash., has debuted three value-add programs to its group life and disability income insurance offering. The company says the following new benefits are available to covered employees and their families on new group life and/or DI policies, at no additional cost to the employer:

Travel Assistance Program: Offers 24/7 travel services in more than 200 countries and territories worldwide. Employees are covered whether they are traveling on business or for pleasure on a trip 100 miles or more from home, lasting 90 days or less.

Identity Theft Resolution Program: Helps employees protect themselves against identity theft and provides support in the event their identity is stolen.

Beneficiary Companion Program: Beneficiary assistance coordinators offer guidance on how to obtain death certificate copies for final notification as well as manage notifications to entities like government agencies, credit card companies and financial institutions.


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