AuguStar
The Constellation-backed successor to Ohio National - a Cincinnati carrier founded in 1909 that returned to the annuity market under the AuguStar brand in 2023 - carrying an A (Excellent) rating from AM Best across fixed indexed annuity and MYGA families.
Financial strength
A
AM Best
A
Fitch
Baa1
Moody's
AM Best A (Excellent)
AuguStar Life Insurance Company carries an A (Excellent) Financial Strength Rating from AM Best, affirmed with a stable outlook in November 2025.
Roots to 1909
The issuing carrier was founded in 1909 as The Ohio National Life Insurance Company in Cincinnati, Ohio - more than a century of operating history behind the new brand.
Constellation-backed
Acquired and demutualized by Constellation Insurance Holdings in 2022 - an insurance platform backed by two large Canadian pension investors - then rebranded AuguStar in 2023.
Broad FIA shelf
The lineup spans Orbiter, OrionShield, Omega, and Observatory fixed indexed annuity families across multiple surrender-period and bonus variants.
LunarLock & LunarGuard MYGAs
The LunarLock, LunarLock Prime, and LunarGuard families form the declared-rate lane for buyers comparing fixed guarantee periods.
Run live numbers on AuguStar products
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Income FIAs
Selected product: Orbiter Income 5
An income-focused fixed indexed annuity group for comparing rider-driven lifetime-income scenarios.
Other current products
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Explore AuguStar products
Known AuguStar product pages, grouped by what each product group is built to do. Confirm current rates and availability in the analyzer or on the product page.
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Fixed Index Annuity - Growth
Index-linked annuities built for protected growth, with product pages for checking caps, participation rates, and fixed-account options.
- Growth-oriented FIAs grouped by accumulation purpose
- Individual product pages are the place to check rates, terms, riders, and disclosures
Best for: Buyers comparing principal-protected growth potential before checking a product page for current strategy details.
Observatory Accumulation 5
A short-surrender AuguStar accumulation FIA with a no-fee one-year S&P 500 cap, premium-banded rates, and a broad mix of indexed choices.
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Observatory Accumulation 7
A mid-length AuguStar accumulation FIA pairing a stand-alone S&P 500 annual cap with fixed, trigger, proprietary-index, and packaged allocation choices, without a lifetime-income rider.
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Observatory Accumulation 10
A long-term AuguStar accumulation FIA pairing S&P 500 annual caps with fixed, trigger, proprietary-index, and packaged allocation choices, without a lifetime-income rider.
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Observatory Bonus 10
A long-term AuguStar bonus FIA pairing a vesting issue credit with a no-fee one-year S&P 500 cap and a broad indexed strategy menu.
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Observatory Bonus Plus 10
A long-term AuguStar premium-bonus FIA pairing vesting issue credit with S&P 500 caps, proprietary-index choices, and packaged allocations, without a lifetime-income rider.
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Omega Accumulation 5
The short-term Omega Accumulation FIA, combining an annual S&P 500 cap with a wide participation menu and optional accumulation protection.
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Omega Accumulation 7
A mid-length AuguStar accumulation FIA with a comparable S&P 500 annual cap and a broad proprietary-index menu.
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Omega Accumulation 10
A long-term AuguStar accumulation FIA with a clean S&P 500 annual cap, a broad participation menu, and optional accumulation protection.
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Omega Bonus 7
A mid-length AuguStar bonus FIA pairing a vesting issue credit with a comparable S&P 500 annual cap.
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Omega Bonus 10
A long-term AuguStar bonus FIA with a vesting issue credit, an S&P 500 annual cap, and optional accumulation protection.
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Omega Bonus Plus 10
The high-bonus Omega accumulation filing, with broader routine liquidity and a comparable annual S&P 500 cap.
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Orbiter Growth 5
An accumulation-focused, A-rated, five-year fixed indexed annuity from AuguStar built around a no-fee S&P 500 annual point-to-point cap plus a wide menu of proprietary participation-rate strategies on five-year crediting terms, with no income rider attached.
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Orbiter Growth 7
An accumulation-focused, A-rated, 7-year fixed indexed annuity from AuguStar Financial built around a no-fee S&P 500 annual point-to-point cap plus an unusually wide menu of proprietary participation-rate and performance-trigger strategies, with optional GAP/EGAP accumulation-protection riders and no income rider attached.
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Orbiter Growth 7 With Premium Bonus
An accumulation-focused, A-rated, seven-year fixed indexed annuity built around a one-year S&P 500 annual point-to-point cap plus a wide menu of proprietary participation-rate strategies, sweetened by a premium bonus whose incremental eight-year vesting schedule runs one full year past the end of the surrender window.
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Orbiter Growth 9
The California filing of AuguStar's Orbiter Growth chassis: an accumulation-focused, A-rated, 9-year fixed indexed annuity built around a no-fee S&P 500 annual point-to-point cap plus a wide menu of proprietary participation-rate strategies, with a no-fee Guaranteed Accumulation Protection floor and no income rider attached.
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Orbiter Growth 9 With Premium Bonus
A California-only, nine-year-surrender fixed indexed annuity from A-rated AuguStar Financial with a day-one premium bonus that vests over the full surrender window, a no-fee S&P 500 annual point-to-point cap, and a wide menu of proprietary participation-rate strategies — the California filing of the same Orbiter chassis sold elsewhere as the ten-year version.
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Orbiter Growth 10
A ten-year-surrender, accumulation-only fixed indexed annuity from A-rated AuguStar Financial built around a no-fee S&P 500 annual point-to-point cap, with a wide menu of proprietary participation-rate and annual-trigger strategies underneath and a Guaranteed Minimum Account Value rider attached — no income rider, no PIV, no premium bonus.
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Orbiter Growth 10 With Premium Bonus
A ten-year-surrender, accumulation-focused fixed indexed annuity from A-rated AuguStar Financial that pairs a day-one premium bonus on a graded multi-year vesting schedule with a no-fee S&P 500 annual point-to-point cap and a wide menu of proprietary participation-rate and annual-trigger strategies underneath, plus a Guaranteed Minimum Account Value rider — no income rider, no PIV.
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OrionShield 5
An accumulation-focused, A-rated, five-year-surrender fixed indexed annuity from AuguStar Financial built around a no-fee S&P 500 annual point-to-point cap at full participation, a wide menu of proprietary participation-rate strategies, and an annual free-withdrawal allowance — with no income rider attached.
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OrionShield 7
An accumulation-focused, A-rated, 7-year fixed indexed annuity built around a no-fee S&P 500 annual point-to-point cap with full participation, a wide menu of proprietary volatility-controlled participation-rate strategies, a premium-band rate step-up, and no income rider attached.
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OrionShield 7 With Premium Bonus
An accumulation-focused, A-rated, seven-year fixed indexed annuity from AuguStar Financial built around a one-year S&P 500 annual point-to-point cap plus a wide menu of proprietary participation-rate strategies, sweetened by a day-one premium bonus whose incremental eight-year vesting schedule runs one full year past the end of the surrender window.
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OrionShield 9
An accumulation-focused, A-rated, 9-year fixed indexed annuity from AuguStar Financial filed only in California — the CA DOI 9-year-surrender sibling of OrionShield 10 — built around a no-fee S&P 500 annual point-to-point cap plus a daily-credited fixed account and a wide menu of proprietary participation-rate strategies, with no income rider attached.
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OrionShield 9 With Premium Bonus
An accumulation-focused, A-rated, nine-year fixed indexed annuity built around a day-one premium bonus, a no-fee S&P 500 annual point-to-point cap, and a wide menu of proprietary participation-rate strategies — filed in California only as the shorter-surrender sibling of OrionShield 10 with Premium Bonus.
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OrionShield 10
An accumulation-focused, A-rated, ten-year fixed indexed annuity from AuguStar Financial built around a no-fee S&P 500 annual point-to-point cap plus a wide menu of proprietary participation-rate strategies, with premium-banded rates that step up above the band-1 ceiling, a GAP minimum-account-value floor, and no income rider attached.
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OrionShield 10 With Premium Bonus
A ten-year, accumulation-focused fixed indexed annuity from tri-agency-rated AuguStar Financial, built around a no-fee S&P 500 annual point-to-point cap plus seven proprietary participation-rate index strategies, with a premium bonus that vests on an eleven-year graded schedule and no income rider attached.
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This directory is not a statement of current availability. Confirm current rates, state availability, premium bands, and rider terms in the analyzer or on each product page.
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How lifetime income builds
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Company overview
What AuguStar is
AuguStar Financial is the brand for the former Ohio National family of companies, headquartered in Cincinnati, Ohio. Annuities are marketed by AuguStar Retirement and issued by AuguStar Life Insurance Company - the renamed The Ohio National Life Insurance Company, founded in 1909.
Checked 2026-07-15 · AnnuityRatesHQ carrier research, June 2026
Since 2022 the group has been owned by Constellation Insurance Holdings, which acquired and demutualized Ohio National and, as of year-end 2022, reported over $34 billion in assets under management across its family of insurance companies - a parent/group figure, not the issuing carrier's standalone balance sheet.
Group AUM as of 2022-12-31 · Constellation Insurance; AnnuityRatesHQ carrier research, June 2026
AuguStar's annuity lineup spans Orbiter Growth Fixed Indexed Annuities, Orbiter Income Fixed Indexed Annuities, and LunarGuard MYGA.
Verified July 2026 · CANNEX Financial Exchanges via AdvisorWorld
Scale, labeled
Founded
1909
Issuing carrier founded in Cincinnati, Ohio as The Ohio National Life Insurance Company.
Founded 1909 · AnnuityRatesHQ carrier research, June 2026
Owner
Constellation
Owned by Constellation Insurance Holdings since 2022; rebranded AuguStar in 2023.
Acquired 2022 · AnnuityRatesHQ carrier research, June 2026; Constellation Insurance
Group AUM
$34B+
Constellation family of insurance companies reported over $34 billion in assets under management - a parent/group figure, not the issuing carrier alone.
As of 2022-12-31 · Constellation Insurance
Structure
Stock insurer
Demutualized in the 2022 Constellation acquisition; annuities issued by AuguStar Life Insurance Company.
Checked 2026-07-15 · AnnuityRatesHQ carrier research, June 2026
AM Best
A (Excellent)
A Financial Strength Rating from AM Best, stable outlook.
Affirmed 2025-11 · AM Best press release (Nov 2025)
History highlights
The Ohio National Life Insurance Company was founded in 1909 in Cincinnati, Ohio.
Founded 1909 · AnnuityRatesHQ carrier research, June 2026
In 2018, Ohio National exited new annuity sales and eliminated trailing commissions on certain annuity business - a decision that damaged distributor relationships and set the stage for the later ownership change.
2018 · AnnuityRatesHQ carrier research, June 2026; industry press
Constellation Insurance Holdings agreed to acquire Ohio National in 2021 and closed the demutualizing acquisition in 2022.
Closed 2022 · AnnuityRatesHQ carrier research, June 2026; Constellation Insurance
In July 2023 the business was rebranded AuguStar, and AuguStar Retirement launched a return to the annuity marketplace with fixed indexed and multi-year guaranteed annuities.
Rebranded 2023 · PR Newswire (Jul 2023); AnnuityRatesHQ carrier research, June 2026
AM Best affirmed the A (Excellent) Financial Strength Rating of AuguStar Life Group members, with a stable outlook, in November 2025.
Affirmed 2025-11 · AM Best press release
From Ohio National to AuguStar, on the Constellation platform
The Ohio National Life Insurance Company operated for over a century as a Cincinnati mutual-structure insurer. In 2018 it made the controversial decisions to exit new annuity sales and cut trailing commissions - moves that strained its distribution relationships and preceded a broader reorganization.
Annuity exit 2018 · AnnuityRatesHQ carrier research, June 2026; industry press
Constellation Insurance Holdings - an insurance holding company backed by two large Canadian pension investors - agreed to acquire Ohio National in 2021 and closed the transaction in 2022, demutualizing the company and bringing fresh capital to the platform.
Closed 2022 · AnnuityRatesHQ carrier research, June 2026; Constellation Insurance
In July 2023 Constellation rebranded the business as AuguStar - AuguStar Life for insurance and AuguStar Retirement for annuities - and re-entered the annuity marketplace it had exited five years earlier. Policyholder guarantees remain the obligation of AuguStar Life Insurance Company as the legal issuing carrier.
Rebranded 2023 · AnnuityRatesHQ carrier research, June 2026; PR Newswire (Jul 2023)
Financial strength
AM Best
A
Excellent financial-strength rating - the third-highest of thirteen AM Best categories - affirmed with a stable outlook in November 2025.
Affirmed 2025-11; checked 2026-07-15
AM Best press release; AnnuityRatesHQ carrier research, June 2026
Fitch
A
Fitch financial-strength context published by AuguStar for its operating companies.
Checked 2026-07-15
Moody's
Baa1
Moody's financial-strength context published by AuguStar for its operating companies - a notch below the AM Best and Fitch grades, worth noting alongside them.
Checked 2026-07-15
What makes AuguStar different
A century-old carrier with a second act
The issuing company dates to 1909, but the annuity shelf is new: AuguStar Retirement re-entered the market in 2023 after Ohio National's 2018 exit, rebuilding the lineup from scratch under new ownership rather than carrying legacy blocks forward.
Checked 2026-07-15 · AnnuityRatesHQ carrier research, June 2026
Pension-fund-backed ownership
Constellation Insurance Holdings - backed by two large Canadian pension investors - acquired and recapitalized the company in 2022, giving a once-strained carrier institutional capital behind its return to annuities.
Checked 2026-07-15 · AnnuityRatesHQ carrier research, June 2026; Constellation Insurance
An unusually broad FIA shelf
AuguStar uses distinct FIA designs for different jobs: Orbiter Growth is accumulation-first, Orbiter Income is income-oriented, OrionShield adds premium-bonus structures, and the Omega and Observatory families offer accumulation, bonus, and bonus-plus contracts. State, term, crediting, surrender, and bonus-vesting details vary by contract.
Verified July 2026 · CANNEX Financial Exchanges via AdvisorWorld
A clean MYGA lane
LunarLock, LunarLock Prime (a shorter-surrender alternative, not a state sibling), and LunarGuard keep the declared-rate side simple - fixed guarantee periods for buyers who do not want index-linked crediting, with terms shown with current data on each page.
Verified July 2026 · CANNEX Financial Exchanges via AdvisorWorld
About AuguStar
AuguStar Financial is the 2023 rebrand of the Ohio National family of companies, founded in 1909 and headquartered in Cincinnati, Ohio. Since 2022 it has been owned by Constellation Insurance Holdings, which demutualized and recapitalized the group.
Checked 2026-07-15 · AnnuityRatesHQ carrier research, June 2026
Annuities are marketed by AuguStar Retirement and issued by AuguStar Life Insurance Company, which carries an A (Excellent) rating from AM Best. The lineup spans the Orbiter Growth, Orbiter Income, OrionShield, Omega, and Observatory fixed indexed annuity families plus the LunarLock, LunarLock Prime, and LunarGuard MYGAs.
Checked 2026-07-15 · AnnuityRatesHQ carrier research, June 2026; AM Best
AuguStar spans Orbiter, OrionShield, Omega, and Observatory FIAs, while LunarLock and LunarGuard provide fixed-rate alternatives.
Verified July 2026 · CANNEX Financial Exchanges via AdvisorWorld
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Sources
- AuguStar Financial corporate site — 2026-07-15
- AuguStar Financial - Financial Strength (AM Best A, Fitch A, Moody's Baa1 context) — Checked 2026-07-15
- AM Best affirms A (Excellent) FSR of AuguStar Life Group members, stable outlook — 2025-11
- PR Newswire - Ohio National life business repositioned and rebranded to AuguStar Life (Jul 2023) — 2023-07
- PR Newswire - AuguStar Retirement enters the annuity marketplace (Jul 2023) — 2023-07
- Constellation Insurance Holdings - group overview and $34B+ family AUM (parent/group figure) — AUM as of 2022-12-31
- Live product catalog (Orbiter Growth/Income, OrionShield, Omega, Observatory FIAs; LunarLock, LunarLock Prime, LunarGuard MYGAs), rates, riders: CANNEX Financial Exchanges via AdvisorWorld — Verified July 2026