AuguStar Variable Account R has announced significant reorganizations for several portfolios associated with its variable annuity contracts. This decision, approved by the Board of Directors of the AuguStar Variable Insurance Products Fund, Inc., aims to enhance the investment strategies and operational efficiencies of the affected portfolios.

The reorganizations will involve transferring assets from targeted portfolios to corresponding survivor portfolios, effective December 18, 2026. The Board concluded that these changes are in the best interests of the portfolios involved, with expectations that the total annual operating expenses of the survivor portfolios will be the same or lower than those of the target portfolios.

Background

AuguStar Variable Account R is part of AuguStar Life Insurance Company, which operates in the investment sector. The company is based in Cincinnati, Ohio, and primarily offers variable annuity and variable life insurance products. Recent filings from the company include multiple submissions on November 3, 2026, detailing these portfolio reorganizations.

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." It also notes that the assets of the target portfolios will be transferred to their corresponding survivor portfolios, ensuring a seamless transition for contract owners.

Impact

This reorganization may affect contract owners who have allocated funds to the targeted portfolios. The changes will occur automatically, but contract owners will have the opportunity to reallocate their investments if they choose. The filing indicates that from October 19, 2026, through February 16, 2027, contract owners can make one transfer of contract value without charge.

What's Next

Further details regarding the reorganizations will be provided in an Information Statement/Prospectus expected to be available around November 20, 2026. This document will outline the specifics of the changes and any additional information relevant to contract owners.