As of end of June 2026, the expected hedge cost is estimated to be 104 basis points bps for a hypothetical guaranteed lifetime withdrawal benefit (GLWB) on variable annuities (VA) and 98 bps for registered index linked annuities (RILA), up 5 and 3 basis points respectively from the previous month, driven by an increase in long-term interest rates. The Index Methodology provides additional details about the assumptions and methodologies underlying the Milliman Hedge Cost Index (MHCI).