Exhibit 12.1
Genworth Financial, Inc.
Statement Of Ratio Of Income To Fixed Charges
(Dollar amounts in millions)
| Nine months ended September 30, |
Years ended December 31, | |||||||||||||||||
| 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | |||||||||||||
| Income from continuing operations before income taxes and accounting changes |
$ | 1,398 | $ | 1,798 | $ | 1,638 | $ | 1,382 | $ | 1,791 | $ | 1,821 | ||||||
| Fixed charges included in income from continuing operations: |
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| Interest expense |
258 | 293 | 217 | 140 | 124 | 126 | ||||||||||||
| Interest portion of rental expense |
11 | 13 | 14 | 23 | 25 | 23 | ||||||||||||
| Subtotal |
269 | 306 | 231 | 163 | 149 | 149 | ||||||||||||
| Interest credited to investment contractholders |
1,134 | 1,425 | 1,432 | 1,624 | 1,645 | 1,620 | ||||||||||||
| Subtotal |
1,403 | 1,731 | 1,663 | 1,787 | 1,794 | 1,769 | ||||||||||||
| Fixed charges included in income from discontinued operations: |
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| Interest expense |
— | — | — | 12 | 16 | 15 | ||||||||||||
| Interest portion of rental expense |
— | — | — | 8 | 12 | 12 | ||||||||||||
| Subtotal |
— | — | — | 20 | 28 | 27 | ||||||||||||
| Interest credited to investment contractholders |
— | — | — | 68 | 79 | 51 | ||||||||||||
| Total fixed charges from discontinued operations |
— | — | — | 88 | 107 | 78 | ||||||||||||
| Total fixed charges |
1,403 | 1,731 | 1,663 | 1,875 | 1,901 | 1,847 | ||||||||||||
| Income available for fixed charges (including interest credited to investment contractholders) |
$ | 2,801 | $ | 3,529 | $ | 3,301 | $ | 3,257 | $ | 3,692 | $ | 3,668 | ||||||
| Income available for fixed charges (excluding interest credited to investment contractholders) |
$ | 1,667 | $ | 2,104 | $ | 1,869 | $ | 1,565 | $ | 1,968 | $ | 1,997 | ||||||
| Ratio of income to fixed charges (including interest credited to investment contractholders) |
2.00 | 2.04 | 1.98 | 1.74 | 1.94 | 1.99 | ||||||||||||
| Ratio of income to fixed charges (excluding interest credited to investment contractholders) |
6.20 | 6.88 | 8.09 | 8.55 | 11.12 | 11.35 | ||||||||||||