Exhibit 12
Genworth Financial, Inc.
Statement of Ratio of Income to Fixed Charges
(Dollar amounts in millions)
| Six months ended June 30, 2014 |
Years ended December 31, | |||||||||||||||||||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||
| Income (loss) from continuing operations before income taxes and accounting changes |
$ | 619 | $ | 1,050 | $ | 606 | $ | 130 | $ | (143 | ) | $ | (925 | ) | ||||||||||
| Less: income attributable to noncontrolling interests before income taxes |
118 | 210 | 270 | 190 | 199 | 87 | ||||||||||||||||||
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| Income (loss) from continuing operations before income taxes and accounting changes and excluding income attributable to noncontrolling interests |
$ | 501 | $ | 840 | $ | 336 | $ | (60 | ) | $ | (342 | ) | $ | (1,012 | ) | |||||||||
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| Fixed charges included in income (loss) from continuing operations: |
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| Interest expense |
$ | 242 | $ | 482 | $ | 467 | $ | 496 | $ | 454 | $ | 393 | ||||||||||||
| Interest portion of rental expense |
6 | 13 | 14 | 15 | 14 | 13 | ||||||||||||||||||
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| Subtotal |
248 | 495 | 481 | 511 | 468 | 406 | ||||||||||||||||||
| Interest credited to investment contractholders |
367 | 738 | 775 | 794 | 841 | 984 | ||||||||||||||||||
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| Total fixed charges from continuing operations |
$ | 615 | $ | 1,233 | $ | 1,256 | $ | 1,305 | $ | 1,309 | $ | 1,390 | ||||||||||||
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| Income from continuing operations available for fixed charges (including interest credited to investment contractholders) |
$ | 1,116 | $ | 2,073 | $ | 1,592 | $ | 1,245 | $ | 967 | $ | 378 | ||||||||||||
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| Ratio of income from continuing operations available for fixed charges to fixed charges from continuing operations (including interest credited to investment contractholders) |
1.81 | 1.68 | 1.27 | 0.95 | 0.74 | 0.27 | ||||||||||||||||||
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| Income from continuing operations available for fixed charges (excluding interest credited to investment contractholders) |
$ | 749 | $ | 1,335 | $ | 817 | $ | 451 | $ | 126 | $ | (606 | ) | |||||||||||
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| Ratio of income from continuing operations available for fixed charges to fixed charges from continuing operations (including interest credited to investment contractholders) |
3.02 | 2.70 | 1.70 | 0.88 | 0.27 | (1.49 | ) | |||||||||||||||||
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For the years ended December 31, 2011, 2010, and 2009, our deficiency in income from continuing operations necessary to cover fixed charges was $60 million, $342 million and $1,012 million, respectively.