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,
     2008     2007    2006    2005    2004    2003

Income (loss) from continuing operations before income taxes and accounting changes

    $ (510 )   $ 1,606    $ 1,853    $ 1,745    $ 1,584    $ 1,305
                                          

Fixed charges included in income (loss) from continuing operations:

                 

Interest expense

      347       481      364      293      217      140

Interest portion of rental expense

      14       15      15      13      14      23
                                          

Subtotal

      361       496      379      306      231      163

Interest credited to investment contractholders

      984       1,552      1,520      1,423      1,431      1,623
                                          

Total fixed charges from continuing operations

      1,345       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

      1,345       2,049      1,901      1,731      1,663      1,875
                                          

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

    $ 835     $ 3,655    $ 3,754    $ 3,476    $ 3,247    $ 3,180
                                          

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

    $ (149 )   $ 2,102    $ 2,232    $ 2,051    $ 1,815    $ 1,488
                                          

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

      0.62       1.78      1.97      2.01      1.95      1.70

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

      (0.41 )     4.24      5.89      6.70      7.86      8.13

For the nine months ended September 30, 2008, additional income required to achieve a 1:1 ratio coverage was $510 million.