Exhibit 12

Genworth Financial, Inc.

Statement of Ratio of Income to Fixed Charges

(Dollar amounts in millions)

 

    Three months
ended March 31,
2011		     Years ended December 31,  
      2010     2009     2008     2007     2006  

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

   $ 146      $ 76      $ (792 )    $ (942 )    $ 1,606      $ 1,853   

Less: income attributable to noncontrolling interests before income taxes

     47        199        87        —          —          —     
                                               

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

   $ 99      $ (123 )    $ (879 )    $ (942 )    $ 1,606      $ 1,853   
                                               

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

            

Interest expense

   $ 125      $ 454      $ 393      $ 470      $ 481      $ 364   

Interest portion of rental expense

     4        15        14        18        15        15   
                                               

Subtotal

     129        469        407        488        496        379   

Interest credited to investment contractholders

     201        841        984        1,293        1,552        1,520   
                                               

Total fixed charges from continuing operations

     330        1,310        1,391        1,781        2,048        1,899   

Fixed charges included in income from discontinued operations:

            

Interest expense

     —          —          —          —          —          —     

Interest portion of rental expense

     —          —          —          —          —          —     
                                               

Subtotal

     —          —          —          —          —          —     

Interest credited to investment contractholders

     —          —          —          —          1        2   
                                               

Total fixed charges from discontinued operations

     —          —          —          —          1        2   
                                               

Total fixed charges

   $ 330      $ 1,310      $ 1,391      $ 1,781      $ 2,049      $ 1,901   
                                               

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

   $ 429      $ 1,187      $ 512      $ 839      $ 3,655      $ 3,754   
                                               

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

     1.30        0.91        0.37        0.47        1.78        1.97   
                                               

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

   $ 228      $ 346      $ (472 )    $ (454 )    $ 2,102      $ 2,232   
                                               

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

     1.77        0.74        (1.16 )      (0.93 )      4.24        5.89   
                                               

For the years ended December 31, 2010, 2009 and 2008, our deficiency in income necessary to cover fixed charges was $123 million, $879 million and $942 million, respectively.