AuguStar Variable Account A has announced significant changes that will impact its variable annuity contracts and variable life insurance policies. The company's Board of Directors has approved three reorganizations of portfolios within these contracts, aimed at enhancing operational efficiency and potentially lowering costs for contract holders.

This update is crucial as it indicates a strategic move towards consolidation within the investment sector. By reorganizing its portfolios, AuguStar is aligning itself with industry trends that favor streamlined operations and reduced expenses.

Background

AuguStar Variable Account A, incorporated in Ohio, operates under the Central Index Key (CIK) 0000073981. The company is classified as an investment entity and has been active in filing various forms with the SEC, including recent submissions on November 3, 2026. The company primarily deals with variable annuity contracts and variable life insurance policies.

What the Filing Says

The recent filing details that the Board has approved three reorganizations, stating, "each reorganization is in the best interests of each portfolio involved in that reorganization." It also notes that the total annual operating expenses of the survivor portfolios are expected to be the same or lower than those of the target portfolios.

Impact

This decision will affect contract owners who have allocated funds to the target portfolios. As of December 18, 2026, the assets of the target portfolios will be transferred to the corresponding survivor portfolios. Contract holders will see their allocations automatically updated, ensuring a seamless transition without the need for immediate action on their part.

What's Next

The filing does not specify any further actions required from contract owners, but it does indicate that an Information Statement/Prospectus regarding the reorganizations will be available on or about November 20, 2026. This document will provide additional details about the changes and their implications for contract holders.