AuguStar Variable Account A has announced a significant change regarding its variable annuity contracts and life insurance policies. The company's Board of Directors has approved three reorganizations of existing portfolios, aimed at enhancing efficiency and potentially lowering costs for investors. This move is expected to streamline operations within the investment sector.

The reorganizations will involve transferring the assets of certain target portfolios to corresponding survivor portfolios. The changes are set to take effect on December 18, 2026. AuguStar assures investors that the total annual operating expenses of the survivor portfolios will be the same or lower than those of the target portfolios, thereby maintaining cost-effectiveness.

Background

AuguStar Variable Account A, incorporated in Ohio, operates as an investment entity. The company is part of a broader financial services landscape, focusing on variable annuities and life insurance products. Recent filings indicate a proactive approach to adapting its offerings to meet evolving market demands.

What the Filing Says

The SEC filing dated November 3, 2026, states, "After considering a number of factors, the Board concluded that each reorganization is in the best interests of each portfolio involved in that reorganization." The notice further explains that investors will automatically have their assets transferred to the new survivor portfolios, ensuring a seamless transition.

Impact

This change will affect contract owners who have allocated value to the target portfolios listed in the filing. AuguStar is reaching out to these investors to inform them of the upcoming changes and to assure them of the benefits of the reorganizations.

What's Next

Investors do not need to take any action unless they wish to reallocate their contract value to other portfolios. The company will provide further information through an Information Statement/Prospectus, which will be available on or about November 20, 2026.