Exhibit 12
Genworth Financial, Inc.
Statement of Ratio of Income to Fixed Charges
(Dollar amounts in millions)
| Years ended December 31, | |||||||||||||||
| 2007 | 2006 | 2005 | 2004 | 2003 | |||||||||||
| Income from continuing operations before income taxes and accounting changes |
$ | 1,606 | $ | 1,853 | $ | 1,745 | $ | 1,584 | $ | 1,305 | |||||
| Fixed charges included in income from continuing operations: |
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| Interest expense |
481 | 364 | 293 | 217 | 140 | ||||||||||
| Interest portion of rental expense |
15 | 15 | 13 | 14 | 23 | ||||||||||
| Subtotal |
496 | 379 | 306 | 231 | 163 | ||||||||||
| Interest credited to investment contractholders |
1,552 | 1,520 | 1,423 | 1,431 | 1,623 | ||||||||||
| Subtotal |
2,048 | 1,899 | 1,729 | 1,662 | 1,786 | ||||||||||
| Fixed charges included in income from discontinued operations: |
|||||||||||||||
| Interest expense |
— | — | — | — | 12 | ||||||||||
| Interest portion of rental expense |
— | — | — | — | 8 | ||||||||||
| Subtotal |
— | — | — | — | 20 | ||||||||||
| Interest credited to investment contractholders |
1 | 2 | 2 | 1 | 69 | ||||||||||
| Total fixed charges from discontinued operations |
1 | 2 | 2 | 1 | 89 | ||||||||||
| Total fixed charges |
2,049 | 1,901 | 1,731 | 1,663 | 1,875 | ||||||||||
| Income available for fixed charges (including interest credited to investment contractholders) |
$ | 3,655 | $ | 3,754 | $ | 3,476 | $ | 3,247 | $ | 3,180 | |||||
| Income available for fixed charges (excluding interest credited to investment contractholders) |
$ | 2,102 | $ | 2,232 | $ | 2,051 | $ | 1,815 | $ | 1,488 | |||||
| Ratio of income to fixed charges (including interest credited to investment contractholders) |
1.78 | 1.97 | 2.01 | 1.95 | 1.70 | ||||||||||
| Ratio of income to fixed charges (excluding interest credited to investment contractholders) |
4.24 | 5.89 | 6.70 | 7.86 | 8.13 | ||||||||||