As of end of September 2026, the expected hedge cost is estimated to be 77 bps for a hypothetical lifetime withdrawal benefit (GLWB) on variable annuities (VA) and 74 bps for registered index-linked annuities (RILA), down 12 and 11 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).