Exhibit 12
Genworth Financial, Inc.
Computation Of Ratio Of Income To Fixed Charges
(Dollar amounts in millions)
| Nine months ended September 30, 2011 |
Years ended December 31, | |||||||||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
| Income (loss) from continuing operations before income taxes and accounting changes |
$ | 126 | $ | 76 | $ | (792 | ) | $ | (942 | ) | $ | 1,606 | $ | 1,853 | ||||||||||
| Less: income attributable to noncontrolling interests before income taxes |
146 | 199 | 87 | — | — | — | ||||||||||||||||||
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| Income (loss) from continuing operations before income taxes and accounting changes and excluding income attributable to noncontrolling interests |
$ | (20 | ) | $ | (123 | ) | $ | (879 | ) | $ | (942 | ) | $ | 1,606 | $ | 1,853 | ||||||||
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| Fixed charges included in income from continuing operations: |
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| Interest expense |
$ | 377 | $ | 454 | $ | 393 | $ | 470 | $ | 481 | $ | 364 | ||||||||||||
| Interest portion of rental expense |
12 | 15 | 14 | 18 | 15 | 15 | ||||||||||||||||||
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| Subtotal |
389 | 469 | 407 | 488 | 496 | 379 | ||||||||||||||||||
| Interest credited to investment contractholders |
599 | 841 | 984 | 1,293 | 1,552 | 1,520 | ||||||||||||||||||
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| Total fixed charges from continuing operations |
988 | 1,310 | 1,391 | 1,781 | 2,048 | 1,899 | ||||||||||||||||||
| Fixed charges included in income from discontinued operations: |
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| Interest credited to investment contractholders |
— | — | — | — | 1 | 2 | ||||||||||||||||||
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| Total fixed charges from discontinued operations |
— | — | — | — | 1 | 2 | ||||||||||||||||||
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| Total fixed charges |
$ | 988 | $ | 1,310 | $ | 1,391 | $ | 1,781 | $ | 2,049 | $ | 1,901 | ||||||||||||
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| Income (loss) available for fixed changes (including interest credited to investment contractholders) |
$ | 968 | $ | 1,187 | $ | 512 | $ | 839 | $ | 3,655 | $ | 3,754 | ||||||||||||
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| Ratio of income (loss) to fixed charges (including interest credited to investment contractholders) |
0.98 | 0.91 | 0.37 | 0.47 | 1.78 | 1.97 | ||||||||||||||||||
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| Income (loss) available for fixed changes (excluding interest credited to contractholders) |
$ | 369 | $ | 346 | $ | (472 | ) | $ | (454 | ) | $ | 2,102 | $ | 2,232 | ||||||||||
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| Ratio of income (loss) to fixed charges (excluding interest credited to investment contractholders) |
0.95 | 0.74 | (1.16 | ) | (0.93 | ) | 4.24 | 5.89 | ||||||||||||||||
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For the nine months ended September 30, 2011, our deficiency in income necessary to cover fixed charges was $20 million. 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.