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.
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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.
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