XML 52 R40.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Borrowings and Other Financings (Tables)
 6 Months Ended
Jun. 30, 2024
Schedule of Long Term Borrowings
The following table sets forth total long-term borrowings as of the dates indicated:
 
(Amounts in millions)
  
June 30,

2024
 
  
December 31,

2023
 
Genworth Holdings
 
  
6.50% Senior Notes, due 2034
(1)
    $ 262      $ 262  
Floating Rate Junior Subordinated Notes, due 2066
(2)
      574        592  
  
 
 
     
 
 
  
Subtotal
      836        854  
Bond consent fees
      (9 )       (9 ) 
Deferred borrowing charges
      (5 )       (6 ) 
  
 
 
     
 
 
  
Total Genworth Holdings
      822        839  
  
 
 
     
 
 
  
Enact Holdings
      
6.50% Senior Notes, due 2025
      —         750  
6.25% Senior Notes, due 2029
      750        —   
Deferred borrowing charges
      (8 )       (5 ) 
  
 
 
     
 
 
  
Total Enact Holdings
      742        745  
  
 
 
     
 
 
  
Total
    $ 1,564      $ 1,584  
  
 
 
     
 
 
  
 
(1)
Genworth Holdings has the option to redeem all or a portion of the senior notes at any time with notice to the noteholders at a price equal to the greater of 100% of principal or the sum of the present value of the remaining scheduled payments of principal and interest discounted at the then-current treasury rate plus an applicable spread.
(2)
Genworth Holdings may repay, redeem or repurchase $2,000 principal amount of its junior subordinated notes for each $1,000 principal amount of its senior notes repaid, redeemed or repurchased.