AuguStar Variable Account R has announced significant changes regarding its investment products. The company’s Board of Directors has approved three reorganizations of portfolios within its variable annuity contracts and variable life insurance policies. This move is aimed at enhancing operational efficiency and potentially reducing costs for contract owners.

The reorganizations will affect portfolios available to contract owners, with the Board concluding that these changes are in the best interests of the portfolios involved. The expected outcome is 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, incorporated in Ohio, is an investment entity primarily involved in providing variable insurance products. The company operates under the Central Index Key (CIK) 0000770291 and has a fiscal year ending on December 31. The recent filing on November 3, 2026, is part of a series of updates to its investment offerings, with multiple filings submitted on the same day.

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 the assets from the target portfolios will be transferred to the corresponding survivor portfolios as of December 18, 2026.

Impact

The changes will directly affect contract owners who have allocated their contract values to the target portfolios listed in the filing. Depending on their allocations, these owners may be impacted by one or more of the reorganizations. The filing emphasizes that the changes will occur automatically, with no action required from the contract owners unless they choose to reallocate their investments.

What's Next

As stated in the filing, the reorganization is set to take effect on December 18, 2026. Contract owners will receive further information and an Information Statement/Prospectus regarding the reorganizations, which will be available on or about November 20, 2026. This document will provide additional details about the changes and how they may affect individual contracts.