Exhibit 12

Genworth Financial, Inc.

Statement of Ratio of Income to Fixed Charges

(Dollar amounts in millions)

 

     Nine months
ended
September 30, 2013
     Years ended December 31,  
        2012      2011     2010     2009     2008  

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

   $ 735       $ 606       $ 130      $ (143   $ (925   $ (1,154

Less: income attributable to noncontrolling interests before income taxes

     160         270         190        199        87        —    
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

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

   $ 575       $ 336       $ (60   $ (342   $ (1,012   $ (1,154
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

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

              

Interest expense

   $ 363       $ 467       $ 496      $ 454      $ 393      $ 470   

Interest portion of rental expense

     10         14         15        14        13        17   
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

     373         481         511        468        406        487   

Interest credited to investment contractholders

     552         775         794        841        984        1,293   
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges from continuing operations

   $ 925       $ 1,256       $ 1,305      $ 1,309      $ 1,390      $ 1,780   
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

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

   $ 1,500       $ 1,592       $ 1,245      $ 967      $ 378      $ 626   
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

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

     1.62         1.27         0.95        0.74        0.27        0.35   
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

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

   $ 948       $ 817       $ 451      $ 126      $ (606   $ (667
  

 

 

    

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

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

     2.54         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.