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

    $ 606       $ 130      $ (143 )    $ (925 )    $ (1,154 ) 

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

    $ 336       $ (60 )    $ (342 )    $ (1,012 )    $ (1,154 ) 
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

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

            

Interest expense

    $ 467       $ 496      $ 454      $ 393      $ 470   

Interest portion of rental expense

      14         15        14        13        17   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Subtotal

      481         511        468        406        487   

Interest credited to investment contractholders

      775         794        841        984        1,293   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Total fixed charges from continuing operations

    $ 1,256       $ 1,305      $ 1,309      $ 1,390      $ 1,780   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

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

    $ 1,592       $ 1,245      $ 967      $ 378      $ 626   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

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

      1.27         0.95        0.74        0.27        0.35   
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

Income (loss) from continuing operations available for fixed charges (excluding interest credited to contractholders)

    $ 817       $ 451      $ 126      $ (606 )    $ (667 ) 
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

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

      1.70         0.88        0.27        (1.49 )      (1.37 ) 
  

 

 

     

 

 

    

 

 

    

 

 

    

 

 

  

For the years ended December 31, 2011, 2010, 2009 and 2008, our deficiency in income from continuing operations necessary to cover fixed charges was $60 million, $342 million, $1,012 million and $1,154 million, respectively.