AuguStar Variable Account B has announced significant changes to its investment structure, as detailed in a recent filing with the SEC. The company’s Board of Directors has approved three reorganizations involving portfolios available within its variable annuity contracts and variable life insurance policies. This decision is aimed at enhancing portfolio performance and reducing total annual operating expenses.

The reorganizations will affect contract owners who have allocated funds to the target portfolios. As of December 18, 2026, the assets of these target portfolios will be transferred to their corresponding survivor portfolios. This automatic transfer means that any contract value allocated to a target portfolio will be redirected to the new survivor portfolio without requiring any action from the contract owners.

Background

AuguStar Variable Account B is an investment entity incorporated in Ohio, primarily focused on providing variable insurance products. The company operates under the Central Index Key (CIK) 0000073982 and has been active in filing various forms with the SEC, including its most recent filings on November 3, 2026. The entity is part of a broader industry that includes various investment products and services.

What the Filing Says

The SEC filing states, "the Board concluded that each reorganization is in the best interests of each portfolio involved in that reorganization." Furthermore, it assures 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 reorganization may significantly impact contract owners who currently have investments in the affected portfolios. The changes are designed to streamline operations and potentially enhance the value of the investment products offered by AuguStar. The adjustments reflect a trend within the investment industry towards optimizing fund structures to improve efficiency and performance.

What's Next

The filing does not say what happens next beyond the automatic transfer of assets scheduled for December 18, 2026. However, contract owners may wish to review their allocations and consider any necessary adjustments during the transfer period.