AuguStar Variable Account A has announced the approval of three reorganizations involving portfolios within its variable annuity contracts and life insurance policies. This strategic move is expected to streamline operations and potentially reduce costs for policyholders.

The reorganizations will take effect on December 18, 2026, impacting customers who have allocated values in the affected portfolios. The company's Board of Directors concluded that each reorganization is 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 A is an investment entity based in Cincinnati, Ohio. It operates under the Central Index Key (CIK) 0000073981. The company is involved in providing variable annuity contracts and variable life insurance policies. Recent filings indicate ongoing updates and adjustments to their offerings, with the latest significant filing being on November 3, 2026.

What the Filing Says

The filing states, "After considering a number of factors, the Board concluded that each reorganization is in the best interests of each portfolio involved in that reorganization." It also mentions that customers will be affected based on their contract value allocated to the target portfolios.

Impact

The reorganizations may affect customers with contract values allocated to the specified target portfolios. The changes are designed to ensure that policyholders benefit from potentially lower operating expenses and improved portfolio management.

What's Next

As of now, the filing does not specify any further actions required from policyholders. However, it notes that customers may make one transfer of contract value out of a target portfolio or its corresponding survivor portfolio without charge from October 19, 2026, through February 16, 2027.