AuguStar Variable Account R has recently filed an update with the SEC regarding significant changes to its portfolio structure. The company’s Board of Directors has approved three reorganizations of portfolios available within its variable annuity contracts and variable life insurance policies. These changes are intended to be in the best interests of the portfolios involved, aiming to streamline operations and potentially lower costs for contract holders.

The reorganizations will affect contract holders who have allocated value to the target portfolios. As of December 18, 2026, the assets from the target portfolios will be transferred to their corresponding survivor portfolios. The company assures 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 an investment entity based in Cincinnati, Ohio. The company is part of the AuguStar Life Insurance Company and is involved in providing variable annuity and life insurance products. The recent filing, dated November 3, 2026, is part of a series of updates that the company has submitted to the SEC, with the most recent filings also occurring on October 1, 2026.

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." It further explains that contract holders will be automatically transitioned to the new survivor portfolios, and they may not need to take any action unless they wish to reallocate their investments.

Impact

This decision may affect various stakeholders, particularly contract holders with allocations in the impacted portfolios. The changes are designed to enhance the efficiency of the investment offerings and potentially provide better performance outcomes for policyholders.

What's next

The filing does not specify what happens next, but it indicates that an Information Statement/Prospectus detailing the reorganizations will be available on or about November 20, 2026. Contract holders are encouraged to review this document for further information.