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

The reorganizations involve transferring assets from target portfolios to corresponding survivor portfolios. The adjustments are expected to maintain or reduce the total annual operating expenses of the survivor portfolios compared to the target portfolios. According to the filing, the changes will take effect on December 18, 2026, and will occur automatically for affected contract holders.

Background

AuguStar Variable Account A is an investment entity based in Cincinnati, Ohio. The company operates under the Central Index Key (CIK) number 0000073981 and is primarily involved in providing variable insurance products. The recent filing, dated November 3, 2026, included multiple entries under form types 497 and 497VPU, indicating ongoing updates to their investment offerings.

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." This indicates a careful consideration of the benefits for investors and the overall health of the portfolios being reorganized.

Impact

This reorganization may affect contract owners who have allocated values to the target portfolios listed in the filing. As the assets transition to the survivor portfolios, these owners will see their investments automatically reallocated. The filing reassures that no action is required from contract holders unless they wish to make further adjustments to their allocations.

What's Next

The filing does not say what happens next beyond the automatic transfers scheduled for December 18, 2026. However, an Information Statement/Prospectus detailing the reorganizations will be available around November 20, 2026, providing further insights into the changes.