Exhibit 12

Genworth Financial, Inc.

Statement of Ratio of Income to Fixed Charges

(Dollar amounts in millions)

 

     Years ended December 31,
     2008     2007    2006    2005    2004

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

    $ (942 )   $ 1,606    $ 1,853    $ 1,745    $ 1,584

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

              

Interest expense

      470       481      364      293      217

Interest portion of rental expense

      18       15      15      13      14
                                   

Subtotal

      488       496      379      306      231

Interest credited to investment contractholders

      1,293       1,552      1,520      1,423      1,431
                                   

Total fixed charges from continuing operations

      1,781       2,048      1,899      1,729      1,662
                                   

Fixed charges included in income from discontinued operations:

              

Interest expense

      —         —        —        —        —  

Interest portion of rental expense

      —         —        —        —        —  
                                   

Subtotal

      —         —        —        —        —  

Interest credited to investment contractholders

      —         1      2      2      1
                                   

Total fixed charges from discontinued operations

      —         1      2      2      1
                                   

Total fixed charges

      1,781       2,049      1,901      1,731      1,663
                                   

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

    $ 839     $ 3,655    $ 3,754    $ 3,476    $ 3,247
                                   

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

    $ (454 )   $ 2,102    $ 2,232    $ 2,051    $ 1,815
                                   

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

      0.47       1.78      1.97      2.01      1.95

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

      (0.93 )     4.24      5.89      6.70      7.86

For the year ended December 31, 2008, additional income required to achieve a 1:1 ratio coverage was $942 million.