AuguStar Variable Account A has announced a significant update regarding its investment offerings. The company’s Board of Directors has approved three reorganizations of its variable annuity and life insurance portfolios. This decision aims to improve efficiency and reduce costs for contract owners.

The reorganizations will affect portfolios available within AuguStar's variable annuity contracts and variable life insurance policies. The Board concluded that these changes are in the best interests of the involved portfolios, 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 based in Cincinnati, Ohio. It operates under the Central Index Key (CIK) 0000073981. The company primarily offers variable annuity and life insurance products, helping customers manage their investments and savings. The recent filing is part of a series of updates, with multiple submissions made on November 3, 2026, including the current 497VPU filing.

What the Filing Says

The filing states, "We’re contacting you to notify you that the Board of Directors... has approved three reorganizations... each such reorganization involves portfolios available within your AuguStar variable annuity contract and/or variable life insurance policy." The changes will take effect as of December 18, 2026, with the assets from the target portfolios being transferred to the corresponding survivor portfolios.

Impact

This update will primarily affect contract owners who have allocated values to the target portfolios listed in the filing. Owners will automatically have their assets transferred to the new survivor portfolios, ensuring continuity in their investment strategies. The filing indicates that contract owners will receive a notice detailing these changes and their implications.

What's Next

As stated in the filing, the Fund may postpone or abandon the reorganization under certain circumstances. However, the filing does not specify any further actions required from contract owners unless they wish to reallocate their contract values to other portfolios.

For those interested, an information statement or prospectus describing the reorganizations will be available on or about November 20, 2026, at augustarfund.com.