Exhibit 12
Genworth Financial, Inc.
Statement Of Ratio Of Earnings To Fixed Charges
(Dollar amounts in millions)
| Nine months ended September 30, 2005 |
Year ended | |||||||||||||||||
| 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 |
$ | 1,339 | $ | 1,638 | $ | 1,382 | $ | 1,791 | $ | 1,821 | $ | 1,851 | ||||||
| Fixed charges included in earnings from continuing operations: |
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| Interest expense |
213 | 217 | 140 | 124 | 126 | 126 | ||||||||||||
| Interest portion of rental expense |
10 | 14 | 23 | 25 | 23 | 25 | ||||||||||||
| Subtotal |
223 | 231 | 163 | 149 | 149 | 151 | ||||||||||||
| Interest credited to investment contractholders |
1,051 | 1,432 | 1,624 | 1,645 | 1,620 | 1,456 | ||||||||||||
| Subtotal |
1,274 | 1,663 | 1,787 | 1,794 | 1,769 | 1,607 | ||||||||||||
| Fixed charges included in earnings from discontinued operations: |
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| Interest expense |
— | — | 12 | 16 | 15 | 17 | ||||||||||||
| Interest portion of rental expense |
— | — | 8 | 12 | 12 | 12 | ||||||||||||
| Subtotal |
— | — | 20 | 28 | 27 | 29 | ||||||||||||
| Interest credited to investment contractholders |
— | — | 68 | 79 | 51 | 41 | ||||||||||||
| Total fixed charges from discontinued operations |
— | — | 88 | 107 | 78 | 70 | ||||||||||||
| Total fixed charges |
1,274 | 1,663 | 1,875 | 1,901 | 1,847 | 1,677 | ||||||||||||
| Earnings available for fixed charges (including interest credited to investment contractholders) |
$ | 2,613 | $ | 3,301 | $ | 3,257 | $ | 3,692 | $ | 3,668 | $ | 3,528 | ||||||
| Earnings available for fixed charges (excluding interest credited to investment contractholders) |
$ | 1,562 | $ | 1,869 | $ | 1,565 | $ | 1,968 | $ | 1,997 | $ | 2,031 | ||||||
| Ratio of earnings to fixed charges (including interest credited to investment contractholders) |
2.05 | 1.98 | 1.74 | 1.94 | 1.99 | 2.10 | ||||||||||||
| Ratio of earnings to fixed charges (excluding interest credited to investment contractholders) |
7.00 | 8.09 | 8.55 | 11.12 | 11.35 | 11.28 | ||||||||||||