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        —          —          —     
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed charges included in income from continuing operations:

           

Interest expense

  $ 377      $ 454      $ 393      $ 470      $ 481      $ 364   

Interest portion of rental expense

    12        15        14        18        15        15   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

    389        469        407        488        496        379   

Interest credited to investment contractholders

    599        841        984        1,293        1,552        1,520   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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:

           

Interest credited to investment contractholders

    —          —          —          —          1        2   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges from discontinued operations

    —          —          —          —          1        2   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

  $ 988      $ 1,310      $ 1,391      $ 1,781      $ 2,049      $ 1,901   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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

  $ 968      $ 1,187      $ 512      $ 839      $ 3,655      $ 3,754   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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

  $ 369      $ 346      $ (472   $ (454   $ 2,102      $ 2,232   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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.