Statement of ratio of earnings to fixed charges

Exhibit 12

GENWORTH FINANCIAL, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollar amounts in millions)


	Three months ended March 31, 2005		Year ended
	Three months ended March 31, 2005		December 31, 2004		December 31, 2003		December 31, 2002		December 31, 2001		December 31, 2000
Net earnings from continuing operations before income taxes and accounting changes	$	484	$	1,638	$	1,382	$	1,791	$	1,821	$	1,851
Fixed charges included in earnings from continuing operations:
Interest expense		72		217		140		124		126		126
Interest portion of rental expense		4		14		23		25		23		25
Interest credited to contractholders		340		1,432		1,624		1,645		1,620		1,456

Subtotal		416		1,663		1,787		1,794		1,769		1,607
Fixed charges included in earnings from discontinued operations:
Interest expense		—		—		12		16		15		17
Interest portion of rental expense		—		—		8		12		12		12
Interest credited to contractholders		—		—		68		79		51		41

Subtotal		—		—		88		107		78		70
Total fixed charges		416		1,663		1,875		1,901		1,847		1,677

Earnings available for fixed charges (including interest credited to contractholders)	$	900	$	3,301	$	3,257	$	3,692	$	3,668	$	3,528

Ratio of earnings to fixed charges (including interest credited to contractholders)⁽¹⁾		2.16		1.98		1.74		1.94		1.99		2.10

⁽¹⁾

For purposes of determining this ratio, earnings consist of earnings from continuing operations before taxes and accounting changes plus fixed charges from continuing and discontinued operations. Fixed charges consist of (a) interest expense on short-term and long-term borrowings; (b) interest credited to contractholders on annuities and financial products; and (c) the portion of operating leases that are representative of the interest factor.