Exhibit 12

Genworth Financial, Inc.

Computation Of Ratio Of Income To Fixed Charges

(Dollar amounts in millions)

 

    Six months
ended June 30,		   Years ended December 31,
    2007   2006   2005   2004   2003   2002

Income from continuing operations before income taxes and accounting changes

   $ 907   $ 1,853   $ 1,745   $ 1,584   $ 1,305   $ 1,688
                                   

Fixed charges included in income from continuing operations:

            

Interest expense(1)

     231     364     293     217     140     124

Interest portion of rental expense

     7     15     13     14     23     25
                                   

Subtotal

     238     379     306     231     163     149

Interest credited to investment contractholders

     776     1,520     1,423     1,431     1,623     1,644
                                   

Total fixed charges from continuing operations

     1,014     1,899     1,729     1,662     1,786     1,793

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

     1     2     2     1     69     80
                                   

Total fixed charges from discontinued operations

     1     2     2     1     89     108
                                   

Total fixed charges

     1,015     1,901     1,731     1,663     1,875     1,901
                                   

Income available for fixed charges (including interest credited to investment contractholders)

   $ 1,922   $ 3,754   $ 3,476   $ 3,247   $ 3,180   $ 3,589
                                   

Income available for fixed charges (excluding interest credited to investment contractholders)

   $ 1,145   $ 2,232   $ 2,051   $ 1,815   $ 1,488   $ 1,865
                                   

Ratio of income to fixed charges (including interest credited to investment contractholders)

     1.89     1.97     2.01     1.95     1.70     1.89

Ratio of income to fixed charges (excluding interest credited to investment contractholders)

     4.81     5.89     6.70     7.86     8.13     10.54

(1)

Interest expense does not include interest expense related to our unrecognized tax benefits as further described in note 2 under “Item 1—Condensed Consolidated Financial Statements.”