Exhibit 12
Genworth Financial, Inc.
Computation of Ratio of Income to Fixed Charges
(Amounts in millions)
| Years ended December 31, | |||||||||||||||
| 2006 | 2005 | 2004 | 2003 | 2002 | |||||||||||
| Income from continuing operations before income taxes and accounting changes |
$ | 1,918 | $ | 1,798 | $ | 1,638 | $ | 1,382 | $ | 1,791 | |||||
| Fixed charges included in income from continuing operations: |
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| Interest expense |
364 | 293 | 217 | 140 | 124 | ||||||||||
| Interest portion of rental expense |
15 | 13 | 14 | 23 | 25 | ||||||||||
| Subtotal |
379 | 306 | 231 | 163 | 149 | ||||||||||
| Interest credited to investment contractholders |
1,522 | 1,425 | 1,432 | 1,624 | 1,645 | ||||||||||
| Subtotal |
1,901 | 1,731 | 1,663 | 1,787 | 1,794 | ||||||||||
| Fixed charges included in income from discontinued operations: |
|||||||||||||||
| Interest expense |
— | — | — | 12 | 16 | ||||||||||
| Interest portion of rental expense |
— | — | — | 8 | 12 | ||||||||||
| Subtotal |
— | — | — | 20 | 28 | ||||||||||
| Interest credited to investment contractholders |
— | — | — | 68 | 79 | ||||||||||
| Total fixed charges from discontinued operations |
— | — | — | 88 | 107 | ||||||||||
| Total fixed charges |
1,901 | 1,731 | 1,663 | 1,875 | 1,901 | ||||||||||
| Income available for fixed charges (including interest credited to investment contractholders) |
$ | 3,819 | $ | 3,529 | $ | 3,301 | $ | 3,257 | $ | 3,692 | |||||
| Income available for fixed charges (excluding interest credited to investment contractholders) |
$ | 2,297 | $ | 2,104 | $ | 1,869 | $ | 1,565 | $ | 1,968 | |||||
| Ratio of income to fixed charges (including interest credited to investment contractholders) |
2.01 | 2.04 | 1.98 | 1.74 | 1.94 | ||||||||||
| Ratio of income to fixed charges (excluding interest credited to investment contractholders) |
6.06 | 6.88 | 8.09 | 8.55 | 11.12 | ||||||||||