As of end of June 2024, the expected hedge cost is estimated to be 123 bps for a hypothetical lifetime withdrawal benefit (GLWB) on variable annuities (VA) and 120 bps for registered index-linked annuities (RILA), up 12 basis points and up 11 basis points respectively 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).