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 portfolios within its variable annuity contracts and variable life insurance policies. This move is seen as an effort to optimize portfolio performance and reduce operating expenses for contract holders.

The reorganizations are expected to be beneficial for the involved portfolios, with the Board concluding that the total annual operating expenses of the survivor portfolios will remain the same or decrease compared to the target portfolios. The changes will take effect as of December 18, 2026, when assets from the target portfolios will be transferred to their corresponding survivor portfolios.

Background

AuguStar Variable Account A is an investment entity incorporated in Ohio. It is part of AuguStar Life Insurance Company, which offers various financial products, including variable annuities and life insurance policies. The company has a history of adapting its offerings to meet the needs of its clients, which is reflected in its recent filings.

What the Filing Says

The recent filing, dated November 3, 2026, details the approval of the reorganizations by the Board. It states, "each reorganization is in the best interests of each portfolio involved in that reorganization." The filing also outlines that the changes will automatically allocate any contract value from the target portfolios to the corresponding survivor portfolios.

Impact

This decision will directly affect contract owners who have investments in the target portfolios. They will see their assets automatically transferred to the new survivor portfolios, which are designed to maintain or lower the current expense ratios. The filing indicates that contract owners will not incur any sales charges or transaction fees as a result of these changes.

What's Next

As outlined in the filing, the fund may postpone or abandon the reorganizations under certain circumstances. An Information Statement/Prospectus detailing the reorganizations will be available around November 20, 2026, providing further information to affected contract owners.