AuguStar Variable Account A has announced significant changes regarding its investment portfolios. The company's Board of Directors has approved three reorganizations that will affect various portfolios within its variable annuity contracts and variable life insurance policies. This strategic move is designed to enhance operational efficiency and potentially lower costs for investors.

The reorganizations are part of AuguStar's ongoing efforts to improve the management of its investment products. The company believes that each reorganization is in the best interests of the involved portfolios. According to the filing, the total annual operating expenses of the survivor portfolios are expected to 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) number 0000073981. The company is primarily involved in the investment management sector, focusing on variable annuity contracts and variable life insurance policies. Recent filings include multiple submissions on November 3, 2026, indicating ongoing updates and changes within the organization.

What the Filing Says

The recent 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." This indicates a proactive approach to managing investor interests and portfolio performance.

Impact

The changes will directly affect contract owners who have allocated funds to the target portfolios listed in the filing. As of December 18, 2026, assets from these target portfolios will be transferred to their corresponding survivor portfolios. The filing notes that contract owners will not need to take any action unless they wish to reallocate their investments.

What's Next

Additional information regarding the reorganizations will be made available in an Information Statement/Prospectus, expected to be released around November 20, 2026. This document will provide further details about the changes and how they may impact contract owners.