As of end of May 2024, the expected hedge cost is estimated to be 111 basis points (bps) for a hypothetical lifetime withdrawal benefit (GLWB) on variable annuities (VAs) and 109 bps for registered index-linked annuities (RILAs), both up 1 basis point 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™.