Publications
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Article
Milliman Hedge Cost Index February 2026
26 March 2026 - by Daren Lockwood, Ken Qian
Milliman reports 9 basis points increase in Hedge Cost Index for VA and 8 basis points increase in RILA guarantees in February.
Article
Complex assets in insurance and annuity industries
16 February 2026 - by Lucy Ouyang, James Stoltzfus, Valea Fredrickson-Coyne, Ken Qian, Florin Ginghina, Fiona Ng, Tushar Mittal, George Zumanu, Emmanuel Boamah, Jie-Hee Park, Daniel Maka
Structured credit is no longer a niche allocation for life insurers — it’s becoming core to SAA strategy.
Article
Milliman Hedge Cost Index January 2026
05 February 2026 - by Daren Lockwood, Ken Qian
Milliman reports 1 basis points decrease in Hedge Cost Index for VA and RILA guarantees in January.
Article
Milliman Hedge Cost Index December 2025
12 January 2026 - by Daren Lockwood, Ken Qian
Milliman reports 8 basis points decrease in Hedge Cost Index for VA and RILA guarantees in December.
Article
Milliman Hedge Cost Index November 2025
04 December 2025 - by Daren Lockwood, Ken Qian
Milliman reports no change in Hedge Cost Index for VA and RILA guarantees in November.
Article
Milliman Hedge Cost Index October 2025
04 November 2025 - by Daren Lockwood, Ken Qian
Milliman reports 1 basis point decrease in Hedge Cost Index for VA and 2 basis points decrease in RILA guarantees in October.
Article
Milliman Hedge Cost Index September 2025
01 October 2025 - by Daren Lockwood, Ken Qian
Milliman reports 5 basis points increase in Hedge Cost Index for VA and RILA guarantees in September
Article
Milliman Hedge Cost Index August 2025
05 September 2025 - by Daren Lockwood, Ken Qian
Milliman reports no change in the Hedge Cost Index for VA and 1 basis point decrease in RILA guarantees in August.
Article
Milliman Hedge Cost Index July 2025
29 August 2025 - by Daren Lockwood, Ken Qian
Milliman reports 4 basis points decrease in Hedge Cost Index for VA and RILA guarantees in July.
Article
Milliman Hedge Cost Index June 2025
02 July 2025 - by Daren Lockwood, Ken Qian
The VA index stands at 109 basis points and the RILA index stands at 107 basis points.