AuguStar Variable Account A, a provider of variable annuity contracts and life insurance policies, has made a significant announcement regarding its portfolio management. On November 3, 2026, the company’s Board of Directors approved three reorganizations of portfolios within its offerings. This decision is crucial as it aims to enhance operational efficiency and potentially lower expenses for contract owners.

The reorganizations involve transferring assets from certain target portfolios to corresponding survivor portfolios. 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 A is an investment entity incorporated in Ohio. It operates under the Central Index Key (CIK) number 0000073981. The company primarily focuses on providing variable life insurance and annuity products. Recent filings indicate that the company has been active in updating its offerings, with multiple submissions made on November 3, 2026.

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 further notes that the reorganization will automatically transfer assets from the target portfolios to the corresponding survivor portfolios, effective around December 18, 2026.

Impact

This reorganization may affect contract owners who have allocated their investments to the target portfolios listed in the filing. The changes will occur automatically, ensuring that contract values are redirected to the survivor portfolios without requiring action from the owners. Additionally, the filing mentions that contract owners will have a window from October 19, 2026, to February 16, 2027, to make one transfer of their contract value without incurring charges.

What's Next

The filing does not specify what happens next beyond the planned asset transfers. However, an Information Statement/Prospectus detailing the reorganizations will be available on or about November 20, 2026, for those interested in further information.