AuguStar Variable Account A has announced the approval of three reorganizations involving its variable annuity contracts and variable life insurance policies. This decision is significant as it aims to streamline its portfolio offerings, potentially benefiting contract owners by maintaining or lowering annual operating expenses.

The reorganizations were approved by the Board of Directors of the AuguStar Variable Insurance Products Fund, Inc. The Board concluded that these changes are in the best interests of each portfolio involved. The move reflects a broader trend in the investment industry towards optimizing fund structures for better efficiency.

Background

AuguStar Variable Account A is an investment entity incorporated in Ohio. It is known for offering variable annuity contracts and variable life insurance policies. The company has a history of adapting its offerings to meet the changing needs of its clients. Recent filings indicate that the company is actively managing its portfolio structures to enhance performance and client satisfaction.

What the Filing Says

According to the recent filing dated November 3, 2026, the Board of Directors approved three reorganizations. The filing states, "each reorganization is in the best interests of each portfolio involved in that reorganization." The changes will take effect as of December 18, 2026, when the assets of the target portfolios will be transferred to their corresponding survivor portfolios.

Impact

The reorganizations may affect contract owners who have allocated value to the target portfolios. The filing indicates that owners will automatically have their contract values reallocated to the corresponding survivor portfolios. This change aims to ensure that the total annual operating expenses of the survivor portfolios remain the same or lower than those of the target portfolios.

What's Next

As of now, the filing does not specify what happens next beyond the planned asset transfers. However, an Information Statement/Prospectus detailing the reorganizations will be available on or about November 20, 2026.