Richmond, Va.-based Genworth Financial announced June 15 that it has retired the remaining balance on its 2009 long-term debt.

The company has repaid in full $331 million of its outstanding 4.75% notes due on June 15 and last month, repaid $330 million of 5.23% senior notes due in May. In a statement, Genworth said it now has no long-term debt maturities until 2011.

The company added that it ended the most recent quarter with a total of $7.1 billion of cash and cash equivalents, including $768 million at the holding company level. Genworth expects to dividend an additional $200 million from non-U.S. subsidiaries to the holding company during 2009 and to end this year with holding company cash of approximately $150 million, it said.

In April, Genworth was notified by the U.S. Treasury Department that its application to become a savings and loan, and thus participate in the Troubled Asset Relief Program, was not reviewed in time, leaving it out of inclusion for federal money to insurers. It therefore abandoned plans to acquire InterBank fsb of Maple Grove, Minn.

Following the announcement, Genworth CEO Michael D. Frazier said in a statement the Treasury program was only one way Genworth considered  “to provide another level of capital flexibility to address unforeseen events, and the nature of that program has continued to evolve.”