Exhibit 12

Genworth Financial, Inc.

Statement of Ratio of Income to Fixed Charges

(Dollar amounts in millions)

 

    Years ended December 31,
    2009     2008     2007   2006   2005

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

   $ (792 )    $ (942 )    $ 1,606   $ 1,853   $ 1,745

Less: income attributable to noncontrolling interests before income taxes

     87        —          —       —       —  
                                 

Income (loss) from continuing operations before income taxes and accounting changes and excluding income attributable to noncontrolling interests

   $ (879 )    $ (942 )    $ 1,606   $ 1,853   $ 1,745
                                 

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

          

Interest expense

   $ 393      $ 470      $ 481   $ 364   $ 293

Interest portion of rental expense

     14        18        15     15     13
                                 

Subtotal

     407        488        496     379     306

Interest credited to investment contractholders

     984        1,293        1,552     1,520     1,423
                                 

Total fixed charges from continuing operations

     1,391        1,781        2,048     1,899     1,729
                                 

Fixed charges included in income from discontinued operations:

          

Interest expense

     —          —          —       —       —  

Interest portion of rental expense

     —          —          —       —       —  
                                 

Subtotal

     —          —          —       —       —  

Interest credited to investment contractholders

     —          —          1     2     2
                                 

Total fixed charges from discontinued operations

     —          —          1     2     2
                                 

Total fixed charges

   $ 1,391      $ 1,781      $ 2,049   $ 1,901   $ 1,731
                                 

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

   $ 512      $ 839      $ 3,655   $ 3,754   $ 3,476
                                 

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

     0.37        0.47        1.78     1.97     2.01
                                 

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

   $ (472 )    $ (454 )    $ 2,102   $ 2,232   $ 2,051
                                 

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

     (1.16 )      (0.93 )      4.24     5.89     6.70
                                 

For the years ended December 31, 2009 and 2008, our deficiency in income necessary to cover fixed charges was $879 million and $942 million, respectively.