Exhibit 12

Genworth Financial, Inc.

Statement of Ratio of Income to Fixed Charges

(Dollar amounts in millions)

 

     Years ended December 31,  
     2013      2012      2011     2010     2009  

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

    $ 1,050       $ 606       $ 130      $ (143 )    $ (925 ) 

Less: income attributable to noncontrolling interests before income taxes

      210         270         190        199        87   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

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

    $ 840       $ 336       $ (60 )    $ (342 )    $ (1,012 ) 
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

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

             

Interest expense

    $ 482       $ 467       $ 496      $ 454      $ 393   

Interest portion of rental expense

      13         14         15        14        13   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

Subtotal

      495         481         511        468        406   

Interest credited to investment contractholders

      738         775         794        841        984   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

Total fixed charges from continuing operations

    $ 1,233       $ 1,256       $ 1,305      $ 1,309      $ 1,390   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

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

    $ 2,073       $ 1,592       $ 1,245      $ 967      $ 378   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

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

      1.68         1.27         0.95        0.74        0.27   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

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

    $ 1,335       $ 817       $ 451      $ 126      $ (606 ) 
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

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

      2.70         1.70         0.88        0.27        (1.49 ) 
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

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