Exhibit 12
Genworth Financial, Inc.
Statement of Ratio of Income to Fixed Charges
(Dollar amounts in millions)
| Nine months ended September 30, 2014 |
Years ended December 31, | |||||||||||||||||||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||
| Income (loss) from continuing operations before income taxes and accounting changes |
$ | (353 | ) | $ | 1,050 | $ | 606 | $ | 130 | $ | (143 | ) | $ | (925 | ) | |||||||||
| Less: income attributable to noncontrolling interests before income taxes |
190 | 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 |
$ | (543 | ) | $ | 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 |
$ | 348 | $ | 482 | $ | 467 | $ | 496 | $ | 454 | $ | 393 | ||||||||||||
| Interest portion of rental expense |
9 | 13 | 14 | 15 | 14 | 13 | ||||||||||||||||||
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| Subtotal |
357 | 495 | 481 | 511 | 468 | 406 | ||||||||||||||||||
| Interest credited to investment contractholders |
552 | 738 | 775 | 794 | 841 | 984 | ||||||||||||||||||
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| Total fixed charges from continuing operations |
$ | 909 | $ | 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) |
$ | 366 | $ | 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) |
0.40 | 1.68 | 1.27 | 0.95 | 0.74 | 0.27 | ||||||||||||||||||
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| Income (loss) from continuing operations available for fixed charges (excluding interest credited to investment contractholders) |
$ | (186 | ) | $ | 1,335 | $ | 817 | $ | 451 | $ | 126 | $ | (606 | ) | ||||||||||
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| Ratio of income (loss) from continuing operations available for fixed charges to fixed charges from continuing operations (excluding interest credited to investment contractholders) |
(0.52 | ) | 2.70 | 1.70 | 0.88 | 0.27 | (1.49 | ) | ||||||||||||||||
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For the nine months ended September 30, 2014 and the years ended December 31, 2011, 2010, and 2009, our deficiency in income from continuing operations necessary to cover fixed charges was $543 million, $60 million, $342 million and $1,012 million, respectively.