# EDGAR Filing Document

**Accession Number:** 0000927649
**File Stem:** 0001193125-26-190765
**Filing Date:** 2026-4
**Character Count:** 32218
**Document Hash:** cb6050b2c995d34a32033f01f1338b12
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-190765.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0001193125-26-190765

**CONFORMED SUBMISSION TYPE**: 497VPU

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20260429

**DATE AS OF CHANGE**: 20260429

**EFFECTIVENESS DATE**: 20260429

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** THRIVENT VARIABLE ANNUITY ACCOUNT A
- **CENTRAL INDEX KEY:** 0000927649

**ORGANIZATION NAME:**
- **EIN:** 390123480
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497VPU
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-82054
- **FILM NUMBER:** 26913784

**BUSINESS ADDRESS:**
- **STREET 1:** 600 PORTLAND AVENUE SOUTH
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55415-4402
- **BUSINESS PHONE:** 6123407215

**MAIL ADDRESS:**
- **STREET 1:** 600 PORTLAND AVENUE SOUTH
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55415-4402

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AAL VARIABLE ANNUITY ACCOUNT I
- **DATE OF NAME CHANGE:** 19940728

## Series and Classes Contracts Data

### THRIVENT VARIABLE ANNUITY ACCOUNT A (Series ID: S000002688)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007340 | VA A         |  |

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| ![](g100381thrivent2020_logowreg.jpg) | &nbsp;&nbsp; Thrivent Flexible Premium Deferred <br> Variable Annuity<br>|
| ![](g100381thrivent2020_logowreg.jpg) | <br> Thrivent Variable Annuity Account A |
| ![](g100381thrivent2020_logowreg.jpg) |  |
| ![](g100381thrivent2020_logowreg.jpg) | Updating Summary Prospectus |
| ![](g100381thrivent2020_logowreg.jpg) | **April 30, 2026** |

---

This updating summary prospectus summarizes key features of the Thrivent Flexible Premium Deferred Variable Annuity [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) which was issued by Thrivent Financial for Lutherans ("Thrivent," "we," "us," or "our"), a fraternal benefit society organized under Wisconsin law.

The [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) is a complex investment and involves risks, including potential loss of principal. The [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) is not a short-term investment and is not appropriate for an investor who needs ready access to cash. Withdrawals could result in taxes and/or tax penalties.

Thrivent's obligations under the [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) are subject to its financial strength and claims-paying ability.

The statutory prospectus for the [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) contains more information about the [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075), including its features, benefits and risks. You can find the current statutory prospectus and other information about the [Contract online at](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075)dfinview.com/Thrivent/VariableAnnuityA. You can also obtain this information at no cost by calling 1-800-847-4836, or by sending an email request to mail@thrivent.com.

Additional information about certain investment products, including variable annuities, has been prepared by the Securities and Exchange Commission's staff and is available at Investor.gov.

**The Securities and Exchange Commission has not approved or disapproved these securities or passed upon the adequacy of this prospectus. Any representation to the contrary is a criminal offense.**

------

**Table of Contents**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| [Special Terms](#xx_5bffe0a2-d52b-4fa2-b5b7-e9aa12f4d94d_1) | 3 |
| [Updated Information About Your Contract](#xx_5bffe0a2-d52b-4fa2-b5b7-e9aa12f4d94d_1) | 3 |
| [Important Information You Should Consider About the Contract](#xx_38636e9d-367a-4774-90e9-99dd3ecca4b9_1) | 4 |
| [Appendix: Investment Options Available Under the Contract](#xx_43885386-ed9d-46d0-9766-4f2f596b23b1_1) | 6 |

---

**2**

------

Special Terms

---

| | |
|:---|:---|
| **Accumulated Value**  | The sum of the values for your Contract in Subaccounts and/or the Fixed <br> Account during the accumulation phase. <br>|
| **Annuity Commencement Date** | A date on which annuity payments begin. |
| **Contract**  | The Contract between you and us providing the individual flexible premium <br> deferred variable annuity.<br>|
| **Fixed Account**  | An Investment Option that credits an interest rate. The Fixed Account is part of <br> our General Account. The Fixed Account is not a Subaccount. For the current <br> interest rate, please call our Service Center at 1-800-847-4836.<br>|
| **Investment Option** | A Variable Option or the Fixed Account available in this Contract. |
| **Portfolio**  | Each Subaccount invests exclusively in the shares of a corresponding Portfolio. |
| **Qualified Plan**  | A retirement plan that receives favorable tax treatment under Section 401, 403, <br> 408, 408A, or similar provisions of the Internal Revenue Code.<br>|
| **Service Center**  | Thrivent, 4321 North Ballard Road, Appleton, Wisconsin, 54919-0001, <br> telephone, 1-800-847-4836, or such other office as we may specify in a notice <br> to the Contract Owner.<br>|
| **Subaccount**  | A subdivision of the Variable Account. Each Subaccount invests exclusively in <br> the shares of a corresponding Portfolio.<br>|
| **Variable Option** | An Investment Option under the Contract of which the value of the contract <br> varies according to the investment experience of a Subaccount.<br>|

---

Updated Information About Your [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075)

The information in this updating summary prospectus is a summary of certain [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) features that have changed since the prospectus dated April 30, 2025. This may not reflect all of the changes that have occurred since you entered into your [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075).

---

| | |
|:---|:---|
| **Content**  | **Description of Changes** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Important Information You Should <br> Consider About the Contract<br>| The Annual Portfolio expenses table was updated to reflect the new range. <br> The lowest and highest annual cost examples have been revised to reflect <br> the new range.<br>|
| Fee Table | The Fee Table has been updated with the new range of Portfolio Expenses. |
| Other Changes | The Appendix has been revised to reflect the updated performance <br> information and the current expenses for the Portfolios.<br>|

---

**3**

------

Important Information You Should Consider About the Contract

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FEES AND EXPENSES**  | **FEES AND EXPENSES**  | **FEES AND EXPENSES**  | **FEES AND EXPENSES**  | **Location in**<br> **Statutory** <br> **Prospectus**<br>|
| &nbsp;&nbsp; Are There Charges <br> or Adjustments for <br> Early Withdrawals?<br>| **No.** There are no longer any charges for making a full or partial withdrawal <br> from this [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075). | **No.** There are no longer any charges for making a full or partial withdrawal <br> from this [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075). | **No.** There are no longer any charges for making a full or partial withdrawal <br> from this [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075). | Fee Table |
| &nbsp;&nbsp; Are There <br> Transaction <br> Charges?<br>| **Yes.** There may be charges for other transactions. You may make 12 free <br> [Subaccount](#subaccount_faeee068-ed24-40ff-82f3-d514937ebdbd) transfers in each Contract Year. On subsequent [Subaccount](#subaccount_faeee068-ed24-40ff-82f3-d514937ebdbd)<br> transfers (other than the Dollar Cost Averaging and Asset Rebalancing <br> programs), you will incur a $10 transfer charge. You will also pay a charge if <br> you request a wire transfer of funds from your [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) to another financial <br> institution. That financial institution may also charge a fee to receive a wire. You <br> will also pay a charge if you request to have a check sent to you using an <br> overnight mail service. | **Yes.** There may be charges for other transactions. You may make 12 free <br> [Subaccount](#subaccount_faeee068-ed24-40ff-82f3-d514937ebdbd) transfers in each Contract Year. On subsequent [Subaccount](#subaccount_faeee068-ed24-40ff-82f3-d514937ebdbd)<br> transfers (other than the Dollar Cost Averaging and Asset Rebalancing <br> programs), you will incur a $10 transfer charge. You will also pay a charge if <br> you request a wire transfer of funds from your [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) to another financial <br> institution. That financial institution may also charge a fee to receive a wire. You <br> will also pay a charge if you request to have a check sent to you using an <br> overnight mail service. | **Yes.** There may be charges for other transactions. You may make 12 free <br> [Subaccount](#subaccount_faeee068-ed24-40ff-82f3-d514937ebdbd) transfers in each Contract Year. On subsequent [Subaccount](#subaccount_faeee068-ed24-40ff-82f3-d514937ebdbd)<br> transfers (other than the Dollar Cost Averaging and Asset Rebalancing <br> programs), you will incur a $10 transfer charge. You will also pay a charge if <br> you request a wire transfer of funds from your [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) to another financial <br> institution. That financial institution may also charge a fee to receive a wire. You <br> will also pay a charge if you request to have a check sent to you using an <br> overnight mail service. | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | **Yes.** The table below describes the fees and expenses that you may pay *each* <br> *year*, depending on the [Investment Option](#investmentoption_e4fc9631-4775-446f-95b8-982a360a3c72)s you choose. Please refer to your <br> [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) specifications page for information about the specific fees you will pay <br> each year based on the options you have elected.  | **Yes.** The table below describes the fees and expenses that you may pay *each* <br> *year*, depending on the [Investment Option](#investmentoption_e4fc9631-4775-446f-95b8-982a360a3c72)s you choose. Please refer to your <br> [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) specifications page for information about the specific fees you will pay <br> each year based on the options you have elected.  | **Yes.** The table below describes the fees and expenses that you may pay *each* <br> *year*, depending on the [Investment Option](#investmentoption_e4fc9631-4775-446f-95b8-982a360a3c72)s you choose. Please refer to your <br> [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) specifications page for information about the specific fees you will pay <br> each year based on the options you have elected.  | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | **Annual Fee** | **Minimum** | **Maximum** | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | Base Contract (as a percentage of <br> daily net assets of each [Portfolio](#portfolio_5b058759-30df-4427-b895-f33ddab8232a))<br>| 0.0% | 1.25% | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | Portfolio Company fees and expenses <br> (Expenses that you pay as a <br> percentage of your investment. <br> Expenses may be higher or lower in <br> future years. More detail is contained <br> in the prospectus for each Portfolio.)<br>| 0.22% | 1.52% | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | Because your [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) is customizable, the choices you make affect how much <br> you will pay. To help you understand the cost of owning your [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075), the <br> following table shows the lowest and highest cost you could pay *each year*, <br> based on current charges. This estimate assumes that you do not take <br> withdrawals from the [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075). | Because your [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) is customizable, the choices you make affect how much <br> you will pay. To help you understand the cost of owning your [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075), the <br> following table shows the lowest and highest cost you could pay *each year*, <br> based on current charges. This estimate assumes that you do not take <br> withdrawals from the [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075). | Because your [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) is customizable, the choices you make affect how much <br> you will pay. To help you understand the cost of owning your [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075), the <br> following table shows the lowest and highest cost you could pay *each year*, <br> based on current charges. This estimate assumes that you do not take <br> withdrawals from the [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075). | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | **Lowest Annual Cost: $1,395** | **Highest Annual Cost: $2,701** | **Highest Annual Cost: $2,701** | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | Assumes: | Assumes: | Assumes: | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | Investment of $100,000 | Investment of $100,000 | Investment of $100,000 | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | 5% annual appreciation  | 5% annual appreciation  | 5% annual appreciation  | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | Least expensive [Portfolio](#portfolio_5b058759-30df-4427-b895-f33ddab8232a) fees and <br> expenses<br>| Most expensive [Portfolio](#portfolio_5b058759-30df-4427-b895-f33ddab8232a) fees and <br> expenses | Most expensive [Portfolio](#portfolio_5b058759-30df-4427-b895-f33ddab8232a) fees and <br> expenses | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | No optional benefits or riders | No optional benefits or riders | No optional benefits or riders | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | No sales charges  | No sales charges | No sales charges | Fee Table |
| &nbsp;&nbsp; Are There Ongoing <br> Fees and <br> Expenses? | No additional premium payments, <br> transfers or withdrawals <br>| No additional premium payments, <br> transfers or withdrawals | No additional premium payments, <br> transfers or withdrawals | Fee Table |
| **RISKS** | **RISKS** | **RISKS** | **RISKS** | **Location in**<br> **Statutory** <br> **Prospectus**<br>|
| &nbsp;&nbsp; Is There a Risk of <br> Loss from Poor <br> Performance?<br>| **Yes.** You can lose money investing in the [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075). | **Yes.** You can lose money investing in the [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075). | **Yes.** You can lose money investing in the [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075). | Principal Risks of <br> Investing in the <br> Contract<br>|
| &nbsp;&nbsp; Is This a <br> Short-Term <br> Investment?<br>| **No.** The [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) is not a short-term investment and is not appropriate for you <br> if you need ready access to cash. Amounts withdrawn from the [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) may <br> result in taxes and tax penalties. | **No.** The [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) is not a short-term investment and is not appropriate for you <br> if you need ready access to cash. Amounts withdrawn from the [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) may <br> result in taxes and tax penalties. | **No.** The [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) is not a short-term investment and is not appropriate for you <br> if you need ready access to cash. Amounts withdrawn from the [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) may <br> result in taxes and tax penalties. | Principal Risks of <br> Investing in the <br> Contract<br>|

---

**4**

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; What Are the Risks <br> Associated with the <br> [Investment](#investmentoption_e4fc9631-4775-446f-95b8-982a360a3c72)<br> Options?<br>| An investment in the [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) is subject to the risk of poor investment <br> performance and can vary depending on the performance of the [Investment](#investmentoption_e4fc9631-4775-446f-95b8-982a360a3c72)<br> Options available under the [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075). Each [Investment Option](#investmentoption_e4fc9631-4775-446f-95b8-982a360a3c72) (including the <br> [Fixed Account](#fixedaccount_28d049d7-659d-4e3c-bda4-a47c55a6706e)) will have its own unique risks, and you should review these <br> [Investment Option](#investmentoption_e4fc9631-4775-446f-95b8-982a360a3c72)s before making an investment decision. | Principal Risks of <br> Investing in the <br> Contract<br>|
| &nbsp;&nbsp; What are the Risks <br> Related to the <br> Insurance <br> Company? <br>| An investment in the [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) is subject to the risks related to Thrivent. Any <br> obligations (including those under the Fixed Account), guarantees or benefits <br> are subject to the claims-paying ability of Thrivent. More information about <br> Thrivent, including its financial strength ratings are available upon request by <br> calling (800) 847-4836 or by sending an email to mail@thrivent.com. | Principal Risks of <br> Investing in the <br> Contract<br>|
| **RESTRICTIONS** | **RESTRICTIONS** | **Location in**<br> **Statutory** <br> **Prospectus**<br>|
| &nbsp;&nbsp; Are There <br> Restrictions on the <br> [Investment](#investmentoption_e4fc9631-4775-446f-95b8-982a360a3c72)<br> Options? <br>| **Yes.** We reserve the right to add, delete, combine or substitute [Investment](#investmentoption_e4fc9631-4775-446f-95b8-982a360a3c72)<br> Options.<br> We charge $10 for each transfer of [Accumulated Value](#accumulatedvalue_914982d7-8b45-454e-8a41-d644ac10adbd) you make in excess of <br> 12 transfers per year. You may not allocate or transfer less than $50 to either <br> the [Subaccount](#subaccount_faeee068-ed24-40ff-82f3-d514937ebdbd)(s) or the [Fixed Account](#fixedaccount_28d049d7-659d-4e3c-bda4-a47c55a6706e). You may make only one transfer from <br> the [Fixed Account](#fixedaccount_28d049d7-659d-4e3c-bda4-a47c55a6706e) in each Contract year. The amount transferred from the <br> [Fixed Account](#fixedaccount_28d049d7-659d-4e3c-bda4-a47c55a6706e) in any Contract Year may not exceed the greater of $500 or 25% <br> of the value in the [Fixed Account](#fixedaccount_28d049d7-659d-4e3c-bda4-a47c55a6706e). <br> Premium amounts of $1 million or greater require prior approval. We reserve <br> the right to limit the total of all premiums paid under the Contract to $1 million.  | Purchases and <br> Contract Value<br>|
| &nbsp;&nbsp; Are There any <br> Restrictions on <br> Contract Benefits?<br>| **No.**  | Not Applicable |
| **TAXES** | **TAXES** | **Location in**<br> **Statutory** <br> **Prospectus**<br>|
| &nbsp;&nbsp; Taxes – What are <br> the Contract's Tax <br> Implications?<br>| You should consult with a tax professional to determine the tax implications of <br> an investment in and withdrawals or benefits received under the [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075). <br> There is no additional tax benefit if the [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) is purchased through a <br> tax-qualified plan or individual retirement account (IRA). Withdrawals may be <br> subject to ordinary income tax and may be subject to a 10% federal tax penalty, <br> if under age 59 <sup>1</sup>∕2 and no exception applies. | Taxes |
| **CONFLICTS OF INTEREST** | **CONFLICTS OF INTEREST** | **Location in**<br> **Statutory** <br> **Prospectus**<br>|
| &nbsp;&nbsp; How are <br> Investment <br> Professionals <br> Compensated? <br>| The financial advisor or professional will receive compensation whenever you <br> submit additional premiums. In addition, they may receive trailing <br> compensation based on the Contract's [Accumulated Value](#accumulatedvalue_914982d7-8b45-454e-8a41-d644ac10adbd). <br> Financial advisors or professionals may have an incentive to offer or <br> recommend the [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) over another investment. They may also have an <br> incentive to recommend you move to a new product. | Distribution of the <br> Contracts<br>|
| &nbsp;&nbsp; Should I Exchange <br> My Contract? <br>| Some financial advisors or professionals may have a financial incentive to offer <br> you a new contract in place of the one you already own. You should only <br> exchange your [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) if you determine, after comparing the features, fees, <br> and risks of both contracts, and any fees or penalties to terminate the existing <br> [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075), that it is preferable for you to purchase the new [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) rather than <br> continue to own the existing [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075). | Taxes – <br> Exchanges of <br> Annuity <br> Contracts<br>|

---

**5**

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Appendix: Investment Options Available Under the Contract

**(a) Variable Options Available Under the Contract**

The following is a list of [Portfolio](#portfolio_5b058759-30df-4427-b895-f33ddab8232a) Companies that correspond to [Subaccount](#subaccount_faeee068-ed24-40ff-82f3-d514937ebdbd)s available under the [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075). More information about the [Portfolio](#portfolio_5b058759-30df-4427-b895-f33ddab8232a) Companies is available in the prospectuses for the [Portfolio](#portfolio_5b058759-30df-4427-b895-f33ddab8232a)s, which may be amended from time to time and can be found online at dfinview.com/Thrivent/VariableAnnuityA. You can also request this information in paper at no cost by calling (800) 847-4836 or by sending an email request to mail@thrivent.com.

The current expenses and performance information below reflects fees and expenses of the [Portfolio](#portfolio_5b058759-30df-4427-b895-f33ddab8232a) Companies, but does not reflect the other fees and expenses that your [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) may charge. Expenses would be higher and performance would be lower if these charges were included. Each [Portfolio](#portfolio_5b058759-30df-4427-b895-f33ddab8232a) Company's past performance is not necessarily an indication of future performance.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **INVESTMENT** <br> **TYPE** | **PORTFOLIO AND ADVISER/SUBADVISER** | **CURRENT** <br>**EXPENSES** | **AVERAGE ANNUAL TOTAL RETURNS** <br>(as of 12/31/25) | **AVERAGE ANNUAL TOTAL RETURNS** <br>(as of 12/31/25) | **AVERAGE ANNUAL TOTAL RETURNS** <br>(as of 12/31/25) |
| &nbsp;&nbsp; **INVESTMENT** <br> **TYPE** | **PORTFOLIO AND ADVISER/SUBADVISER** | **CURRENT** <br>**EXPENSES** | **1 YEAR** | **5 YEAR** | **10 YEAR** |
| &nbsp;&nbsp; Aggressive <br> Allocation<br>| **Thrivent Aggressive Allocation Portfolio** | 0.85%<sup>1</sup> <br>| 15.81% | 9.61% | 11.26% |
| Large Blend | **Thrivent All Cap Portfolio** | 0.66% | 18.05% | 11.90% | 12.43% |
| &nbsp;&nbsp; Conservative <br> Allocation<br>| **Thrivent Conservative Allocation Portfolio** | 0.50% | 10.17% | 4.03% | 5.42% |
| &nbsp;&nbsp; Moderately <br> Conservative <br> Allocation<br>| **Thrivent Dynamic Allocation Portfolio** | 0.68% | 12.62% | 5.92% | 6.84% |
| &nbsp;&nbsp; Diversified <br> Emerging <br> Mkts<br>| **Thrivent Emerging Markets Equity Portfolio** | 1.15%<sup>1</sup> <br>| 32.20% | 2.10% | 7.47% |
| Large Blend | **Thrivent ESG Index Portfolio** | 0.36%<sup>1</sup> <br>| 17.78% | 13.56% | N/A<sup>3</sup> <br>|
| &nbsp;&nbsp; Global <br> Large-Stock <br> Blend<br>| **Thrivent Global Stock Portfolio** | 0.60% | 20.82% | 10.69% | 10.67% |
| &nbsp;&nbsp; Intermediate <br> Government<br>| **Thrivent Government Bond Portfolio** | 0.49% | 7.32% | 0.01% | 1.74% |
| Health | **Thrivent Healthcare Portfolio** | 0.92% | 13.07% | 4.62% | 7.37% |
| &nbsp;&nbsp; High Yield <br> Bond<br>| **Thrivent High Yield Portfolio** | 0.45% | 8.78% | 4.06% | 5.32% |
| &nbsp;&nbsp; Corporate <br> Bond<br>| **Thrivent Income Portfolio** | 0.44% | 7.93% | 0.38% | 3.60% |
| &nbsp;&nbsp; Foreign Large <br> Blend<br>| **Thrivent International Equity Portfolio** | 0.72% | 30.87% | 8.54% | 7.41% |
| &nbsp;&nbsp; Foreign Large <br> Blend<br>| **Thrivent International Index Portfolio** | 0.37% | 31.15% | 8.61% | N/A<sup>3</sup> <br>|
| Large Growth | **Thrivent Large Cap Growth Portfolio** | 0.43% | 16.95% | 12.89% | 16.35% |
| Large Blend | **Thrivent Large Cap Index Portfolio** | 0.22% | 17.62% | 14.17% | 14.54% |
| Large Value | **Thrivent Large Cap Value Portfolio** | 0.62% | 19.65% | 13.96% | 12.16% |
| &nbsp;&nbsp; Mid-Cap <br> Growth<br>| **Thrivent Mid Cap Growth Portfolio** | 0.89%<sup>1</sup> <br>| 2.50% | 1.10% | N/A<sup>3</sup> <br>|
| &nbsp;&nbsp; Mid-Cap <br> Blend<br>| **Thrivent Mid Cap Index Portfolio** | 0.25% | 7.23% | 8.86% | 10.46% |
| &nbsp;&nbsp; Mid-Cap <br> Blend<br>| **Thrivent Mid Cap Stock Portfolio** | 0.66% | 4.73% | 6.86% | 11.30% |
| &nbsp;&nbsp; Mid-Cap <br> Value<br>| **Thrivent Mid Cap Value Portfolio** | 0.87%<sup>1</sup> <br>| 10.82% | 11.31% | N/A<sup>3</sup> <br>|

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**6**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **INVESTMENT** <br> **TYPE** | **PORTFOLIO AND ADVISER/SUBADVISER** | **CURRENT** <br> **EXPENSES** | **AVERAGE ANNUAL TOTAL** <br> **RETURNS** <br> (as of 12/31/25) | **AVERAGE ANNUAL TOTAL** <br> **RETURNS** <br> (as of 12/31/25) | **AVERAGE ANNUAL TOTAL** <br> **RETURNS** <br> (as of 12/31/25) |
| &nbsp;&nbsp; **INVESTMENT** <br> **TYPE** | **PORTFOLIO AND ADVISER/SUBADVISER** | **CURRENT** <br> **EXPENSES** | **1 YEAR** | **5 YEAR** | **10 YEAR** |
| &nbsp;&nbsp; Moderate <br> Allocation<br>| **Thrivent Moderate Allocation Portfolio** | 0.70%<sup>1</sup> <br>| 13.63% | 7.13% | 8.38% |
| &nbsp;&nbsp; Moderately <br> Aggressive <br> Allocation<br>| **Thrivent Moderately Aggressive Allocation Portfolio** | 0.76%<sup>1</sup> <br>| 15.46% | 8.30% | 9.69% |
| &nbsp;&nbsp; Moderately <br> Conservative <br> Allocation<br>| **Thrivent Moderately Conservative Allocation Portfolio** | 0.65%<sup>1</sup> <br>| 12.10% | 4.49% | 6.04% |
| &nbsp;&nbsp; Money <br> Market - <br> Taxable<br>| **Thrivent Money Market Portfolio** | 0.31% | 4.06% | 3.05% | 1.93% |
| &nbsp;&nbsp; Multisector <br> Bond<br>| **Thrivent Multisector Bond Portfolio** | 0.74% | 7.93% | 2.43% | 3.47% |
| Real Estate | **Thrivent Real Estate Securities Portfolio** | 0.90% | 0.67% | 3.89% | 4.68% |
| &nbsp;&nbsp; Short-Term <br> Bond<br>| **Thrivent Short-Term Bond Portfolio** | 0.45% | 6.06% | 2.75% | 2.89% |
| Small Growth | **Thrivent Small Cap Growth Portfolio** | 0.94%<sup>1</sup> <br>| 1.87% | 1.37% | N/A<sup>2</sup> <br>|
| Small Blend | **Thrivent Small Cap Index Portfolio** | 0.24% | 5.80% | 7.06% | 9.57% |
| Small Blend | **Thrivent Small Cap Stock Portfolio** | 0.70% | 2.45% | 7.50% | 11.93% |

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<sup>1</sup>

Current expenses reflect temporary fee reductions.

<sup>2</sup>

The Fund is not showing Average Annual Total Returns information because the Fund commenced operation on 04/27/2018 and does not have annual returns for the period shown.

<sup>3</sup>

The Fund is not showing Average Annual Total Returns information because the Fund commenced operation on 04/29/2020 and does not have annual returns for the period shown.

**(b) Fixed Account Investment Option Available Under the Contract**

Prior to the [Annuity Commencement Date](#annuitydate_a58184cc-5e32-47a9-b430-6141738529ae), you may allocate the premiums paid under the [Contract](#contract_b0c86b20-2c82-4b64-b47d-4ba732617075) and transfer from the [Subaccount](#subaccount_faeee068-ed24-40ff-82f3-d514937ebdbd)s to the [Fixed Account](#fixedaccount_28d049d7-659d-4e3c-bda4-a47c55a6706e). After the [Annuity Commencement Date](#annuitydate_a58184cc-5e32-47a9-b430-6141738529ae), you may no longer transfer out of the [Fixed](#fixedaccount_28d049d7-659d-4e3c-bda4-a47c55a6706e)Account. Any amounts allocated to the [Fixed Account](#fixedaccount_28d049d7-659d-4e3c-bda4-a47c55a6706e) are invested with our general account assets. Interest will be credited on premiums allocated to the [Fixed Account](#fixedaccount_28d049d7-659d-4e3c-bda4-a47c55a6706e) and on amounts transferred to the [Fixed Account](#fixedaccount_28d049d7-659d-4e3c-bda4-a47c55a6706e) from the date of allocation or transfer. The initial interest rate for each such allocation or transfer is guaranteed for 12 months, and subsequent interest rates will not change more frequently than every 12 months. Interest will be compounded daily and will never be less than an effective annual interest rate of 3.5% per year. For the current interest rate, please contact our Service Center at 1-800-847-4836. You may make only one transfer from the [Fixed Account](#fixedaccount_28d049d7-659d-4e3c-bda4-a47c55a6706e) in each Contract year. The transfer may not exceed the greater of $500 or 25% of the total value of the [Fixed Account](#fixedaccount_28d049d7-659d-4e3c-bda4-a47c55a6706e) at the time of transfer.

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| | | |
|:---|:---|:---|
| **Name** | **Term** | &nbsp;&nbsp; **Minimum Guaranteed**<br> **Interest Rate**<br>|
| Fixed Account | Life of the Contract | 3.50% |

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**7**

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![](g100381thriventballard.jpg)

![](g100381nppost.jpg)

This updating summary prospectus incorporates by reference the Thrivent Flexible Premium Deferred Variable Annuity prospectus and Statement of Additional Information (SAI), both dated April 30, 2026, as amended and supplemented.

The Statement of Additional Information (SAI) dated April 30, 2026 contains more information about the Contract and the Variable Account. The SAI has been filed with the SEC and is incorporated by reference into the prospectuses. The SAI is available, without charge, upon request. You can view a copy of the SAI online at dfinview.com/Thrivent/VariableAnnuityA. For a free paper copy of the SAI, to request other information about the Contracts, and to make investor inquiries, you may call our Service Center at 1-800-847-4836, or you may send an email to mail@thrivent.com.

Reports and other information about Thrivent are available on the Securities Exchange Commission Website at http://www.sec.gov. Copies of the information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: publicinfo@sec.gov.

Thrivent is the marketing name for Thrivent Financial for Lutherans. Insurance products issued by Thrivent. Securities and investment advisory services offered through Thrivent Investment Management Inc., a registered investment adviser, member FINRA and SIPC, and a subsidiary of Thrivent. Licensed agent/producer of Thrivent. Registered representative of Thrivent Investment Management, Inc. Thrivent.com/disclosures.

Insurance products, securities and investment advisory services are provided by appropriately appointed and licensed financial advisors and professionals. Only individuals who are financial advisors are credentialed to provide investment advisory services. Visit Thrivent.com or FINRA's Broker Check for more information about our financial advisors.

Contract Form 4460 and state variations

EDGAR Contract No. C000007340 13017SPRU R4-26

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