Exhibit 12

Genworth Financial, Inc.

Statement of Ratio of Income to Fixed Charges

(Dollar amounts in millions)

 

    Nine  months
ended
September  30,
2010		     Years ended December 31,  
      2009     2008     2007     2006     2005  

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

   $ 331      $ (792 )    $ (942 )    $ 1,606      $ 1,853      $ 1,745   

Less: income attributable to noncontrolling interests before income taxes

     150        87        —          —          —          —     
                                               

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

   $ 181      $ (879 )    $ (942 )    $ 1,606      $ 1,853      $ 1,745   
                                               

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

            

Interest expense

   $ 337      $ 393      $ 470      $ 481      $ 364      $ 293   

Interest portion of rental expense

     11        14        18        15        15        13   
                                               

Subtotal

     348        407        488        496        379        306   

Interest credited to investment contractholders

     636        984        1,293        1,552        1,520        1,423   
                                               

Total fixed charges from continuing operations

     984        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

   $ 984      $ 1,391      $ 1,781      $ 2,049      $ 1,901      $ 1,731   
                                               

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

   $ 1,165      $ 512      $ 839      $ 3,655      $ 3,754      $ 3,476   
                                               

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

     1.18        0.37        0.47        1.78        1.97        2.01   
                                               

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

   $ 529      $ (472 )    $ (454 )    $ 2,102      $ 2,232      $ 2,051   
                                               

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

     1.52        (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.