Exhibit 12

Genworth Financial, Inc.

Statement of Ratio of Income to Fixed Charges

(Dollar amounts in millions)

 

    Nine months
ended September 30,		   Years ended December 31,
                    2007                       2006           2005           2004           2003           2002    

Income from continuing operations before income taxes and accounting changes

   $ 1,357   $ 1,853   $ 1,745   $ 1,584   $ 1,305   $ 1,688
                                   

Fixed charges included in income from continuing operations:

            

Interest expense(1)

     355     364     293     217     140     124

Interest portion of rental expense

     12     15     13     14     23     25
                                   

Subtotal

     367     379     306     231     163     149

Interest credited to investment contractholders

     1,167     1,520     1,423     1,431     1,623     1,644
                                   

Total fixed charges from continuing operations

     1,534     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

     1,535     1,901     1,731     1,663     1,875     1,901
                                   

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

   $ 2,892   $ 3,754   $ 3,476   $ 3,247   $ 3,180   $ 3,589
                                   

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

   $ 1,724   $ 2,232   $ 2,051   $ 1,815   $ 1,488   $ 1,865
                                   

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

     1.88     1.97     2.01     1.95     1.70     1.89

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

     4.70     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.”