As of end of September 2025, the expected hedge cost is estimated to be 110 bps for a hypothetical lifetime withdrawal benefit (GLWB) on variable annuities (VA) and 107 bps for registered index-linked annuities (RILA), up 5 basis points from the previous month, driven by an decrease in long-term interest rates. The Index Methodology provides additional details about the assumptions and methodologies underlying the Milliman Hedge Cost Index (MHCI).