As of end of May 2026, the expected hedge cost is estimated to be 99 basis points (bps) for a hypothetical guaranteed lifetime withdrawal benefit (GLWB) on variable annuities (VA) and 95 bps for registered indexlinked annuities (RILA), down 1 basis point from the previous month, driven by an increase in long-term interest rates. The Index Methodology provides additional details about the assumptions and methodologies underlying the Milliman Hedge Cost Index (MHCI).