As of end of February 2025, the expected hedge cost is estimated to be 116 bps for a hypothetical lifetime withdrawal benefit (GLWB) on variable annuities (VA) and 112 bps for registered index-linked annuities (RILA), up 7 basis points and up 6 basis points respectively from the previous month, driven by a decrease in long-term interest rates. The Index Methodology provides additional details about the assumptions and methodologies underlying the Milliman Hedge Cost Index™ (MHCI).