AuguStar Variable Account A has announced significant changes that could impact its policyholders and the broader investment landscape. The company’s Board of Directors has approved three reorganizations involving portfolios available within its variable annuity contracts and variable life insurance policies. These changes are designed to streamline operations and are expected to result in lower total annual operating expenses for the affected portfolios.

The reorganizations are set to take effect as of December 18, 2026. As part of this process, the assets of the target portfolios will be transferred to corresponding survivor portfolios. The company assures that the total annual operating expenses of the survivor portfolios will be the same or lower than those of the target portfolios, which is a crucial factor for policyholders.

Background

AuguStar Variable Account A operates as an investment entity incorporated in Ohio. The company is known for offering variable annuity and life insurance products through its separate accounts. Recent filings include multiple 497 forms, with the latest submitted on November 3, 2026, under accession number 0001398344-26-019415.

What the Filing Says

The filing states, "The Board concluded that each reorganization is in the best interests of each portfolio involved in that reorganization." It emphasizes that the changes are automatic for policyholders, who will not need to take any action unless they wish to reallocate their investments.

Impact

This announcement may affect current contract owners who have their investments allocated to the target portfolios. The reorganizations aim to enhance efficiency and reduce costs, which could benefit policyholders in the long run. The changes may also prompt competitors in the variable insurance market to consider similar strategies to maintain competitiveness.

What's Next

Policyholders can expect an Information Statement/Prospectus detailing the reorganizations to be available on or about November 20, 2026. This document will provide further insights into the changes and how they will affect individual contracts.