As of end of January 2025, the expected hedge cost is estimated to be 109 bps for a hypothetical lifetime withdrawal benefit (GLWB) on variable annuities (VA) and 106 bps for registered index-linked annuities (RILA), down 1 basis point and stayed unchanged respectively from the previous month, driven by a slight increase in long-term interest rates. The Index Methodology provides additional details about the assumptions and methodologies underlying the Milliman Hedge Cost Index™ (MHCI).