Borrowings (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Long Term Borrowings

The following table sets forth total long-term borrowings as of the dates indicated:

(Amounts in millions)	June 30, 2022			December 31, 2021
Genworth Holdings (1)
4.80% Senior Notes, due 2024	$	152		$	282
6.50% Senior Notes, due 2034		298			298
Floating Rate Junior Subordinated Notes, due 2066		598			598
Subtotal		1,048			1,178
Bond consent fees		(11	)		(12	)
Deferred borrowing charges		(6	)		(7	)
Total Genworth Holdings		1,031			1,159
Enact Holdings
6.50% Senior Notes, due 2025 (2)		750			750
Deferred borrowing charges		(8	)		(10	)
Total Enact Holdings		742			740
Total	$	1,773		$	1,899

(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) Senior notes issued by Enact Holdings, who has the option to redeem the notes in whole or in part at any time prior to February 15, 2025, by paying a make-whole premium plus accrued and unpaid interest.