As of end of April 2025, the expected hedge cost is estimated to be 116 bps for a hypothetical lifetime withdrawal benefit (GLWB) on variable annuities (VA) and 117 bps for registered index-linked annuities (RILA), up 2 basis points and up 6 basis points respectively from the previous month, with a decrease 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).