AuguStar Variable Account A has announced a series of reorganizations involving its investment portfolios, which are designed to enhance efficiency and reduce operating costs for policyholders. This strategic move comes as part of the company’s ongoing efforts to provide better value to its customers.

The Board of Directors of the AuguStar Variable Insurance Products Fund, Inc. approved three reorganizations that will affect various portfolios available within AuguStar's variable annuity contracts and variable life insurance policies. According to the filing, the Board concluded that these reorganizations are in the best interests of the portfolios involved, with expectations that the total annual operating expenses of the survivor portfolios will be the same or lower than those of the target portfolios.

Background

AuguStar Variable Account A is an investment entity incorporated in Ohio, operating under the Central Index Key (CIK) 0000073981. The company focuses on variable insurance products and is part of the broader investment management industry. Recent filings indicate that AuguStar has been active in updating its offerings, with multiple submissions made on November 3, 2026, including several related to the reorganizations.

What the Filing Says

The recent SEC filing 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 filing also mentions that the assets of the target portfolios will be transferred to their corresponding survivor portfolios around December 18, 2026.

Impact

This reorganization may affect policyholders who have contract value allocated to the target portfolios listed in the filing. The changes will occur automatically, and any future allocations under affected contracts will also be updated accordingly. Policyholders will have the option to transfer their contract value out of a target portfolio or its corresponding survivor portfolio without incurring charges during a specified period.

What's Next

The filing does not say what happens next beyond the scheduled asset transfers. However, an Information Statement/Prospectus detailing the reorganizations will be available on or about November 20, 2026, providing further information to policyholders.