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   
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

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
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

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

               

Interest expense

   $ 242       $ 482       $ 467       $ 496      $ 454      $ 393   

Interest portion of rental expense

     6         13         14         15        14        13   
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

Subtotal

     248         495         481         511        468        406   

Interest credited to investment contractholders

     367         738         775         794        841        984   
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

Total fixed charges from continuing operations

   $ 615       $ 1,233       $ 1,256       $ 1,305      $ 1,309      $ 1,390   
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

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

   $ 1,116       $ 2,073       $ 1,592       $ 1,245      $ 967      $ 378   
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

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   
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

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

   $ 749       $ 1,335       $ 817       $ 451      $ 126      $ (606
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

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
  

 

 

    

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

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.