Exhibit 12

Genworth Financial, Inc.

Computation Of Ratio Of Income To Fixed Charges

(Dollar amounts in millions)

 

     Years ended December 31,  
     2011      2010     2009     2008     2007  

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

    $ 206       $ (53 )    $ (858 )    $ (1,067 )    $ 1,357   

Less: income attributable to noncontrolling interests before income taxes

      190         199        87        —          —     
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

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

    $ 16       $ (252 )    $ (945 )    $ (1,067 )    $ 1,357   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Fixed charges included in income from continuing operations:

            

Interest expense

    $ 496       $ 454      $ 393      $ 470      $ 481   

Interest portion of rental expense

      16         15        14        18        15   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Subtotal

      512         469        407        488        496   

Interest credited to investment contractholders

      794         841        984        1,293        1,552   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges from continuing operations

      1,306         1,310        1,391        1,781        2,048   

Fixed charges included in income from discontinued operations:

            

Interest credited to investment contractholders

      —           —          —          —          1   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges from discontinued operations

      —           —          —          —          1   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges

    $ 1,306       $ 1,310      $ 1,391      $ 1,781      $ 2,049   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

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

    $ 1,322       $ 1,058      $ 446      $ 714      $ 3,406   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

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

      1.01         0.81        0.32        0.40        1.66   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

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

    $ 528       $ 217      $ (538 )    $ (579 )    $ 1,853   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

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

      1.03         0.46        (1.32 )      (1.19 )      3.74   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

For the years ended December 31, 2010, 2009 and 2008, our deficiency in income necessary to cover fixed charges was $252 million, $945 million and $1,067 million, respectively.