Exhibit 12

Genworth Financial, Inc.

Statement of Ratio of Income to Fixed Charges

(Dollar amounts in millions)

 

     Years ended December 31,  
     2012      2011      2010     2009     2008  

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

    $ 712       $ 206       $ (53 )    $ (858 )    $ (1,067 ) 

Less: income attributable to noncontrolling interests before income taxes

      270         190         199        87        —    
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

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

    $ 442       $ 16       $ (252 )    $ (945 )    $ (1,067 ) 
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

Fixed charges included in income (loss):

             

Interest expense

    $ 467       $ 496       $ 454      $ 393      $ 470   

Interest portion of rental expense

      15         16         15        14        18   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

Subtotal

      482         512         469        407        488   

Interest credited to investment contractholders

      775         794         841        984        1,293   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

Total fixed charges

    $ 1,257       $ 1,306       $ 1,310      $ 1,391      $ 1,781   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

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

    $ 1,699       $ 1,322       $ 1,058      $ 446      $ 714   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

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

      1.35         1.01         0.81        0.32        0.40   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

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

    $ 924       $ 528       $ 217      $ (538 )    $ (579 ) 
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

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

      1.92         1.03         0.46        (1.32 )      (1.19 ) 
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

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.