AuguStar Variable Account A has announced significant reorganizations involving several of its variable annuity and life insurance portfolios. The Board of Directors of the AuguStar Variable Insurance Products Fund, Inc. approved these changes, which are expected to streamline operations and potentially lower expenses for the affected portfolios. This decision is particularly relevant for clients with investments in the specified target portfolios, as their assets will be automatically transferred to corresponding survivor portfolios.

The reorganizations will take effect as of December 18, 2026, and any contract value allocated to the target portfolios will be moved to the corresponding survivor portfolios. The Board concluded that these changes are in the best interests of each portfolio involved, and total annual operating expenses for the survivor portfolios are expected to 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 and is associated with the AuguStar Life Insurance Company. The company focuses on providing variable insurance products, including annuities and life insurance policies. Recent filings indicate that the company is actively managing its investment offerings to enhance performance and client satisfaction.

What the Filing Says

The recent SEC filing states, "The Board concluded that each reorganization is in the best interests of each portfolio involved in that reorganization." It further notes that the changes will take place automatically, and clients do not need to take any action unless they wish to reallocate their contract value to other portfolios.

Impact

This announcement may affect clients who have contract value allocated to the target portfolios listed in the filing. The changes are designed to improve the overall efficiency of the investment products offered by AuguStar, which may enhance client satisfaction and retention.

What's Next

The filing does not say what happens next, but clients can expect more detailed information about the reorganizations and their implications in upcoming communications from AuguStar. An Information Statement/Prospectus describing the reorganizations will be available on or about November 20, 2026.