As of end of October 2025, the expected hedge cost is estimated to be 109 bps for a hypothetical lifetime withdrawal benefit (GLWB) on variable annuities (VA) and 105 bps for registered index-linked annuities (RILA), down 1 basis point and down 2 basis points respectively from the previous month, with an increase in long-term interest rates as a key driver. The Index Methodology provides additional details about the assumptions and methodologies underlying the Milliman Hedge Cost Index (MHCI).