Exhibit 12

Genworth Financial, Inc.

Statement of Ratio of Income to Fixed Charges

(Dollar amounts in millions)

 

     Years ended December 31,  
   2014     2013      2012      2011     2010  

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

   $  (1,276   $  1,050      $ 606      $ 130     $ (143

Less: income attributable to noncontrolling interests before income taxes

     262        210         270         190        199  
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

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

$ (1,538 $ 840   $ 336   $ (60 $ (342
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

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

Interest expense

$ 463   $ 482   $ 467   $ 496   $ 454  

Interest portion of rental expense

  12     13     14     15     14  
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Subtotal

  475     495     481     511     468  

Interest credited to investment contractholders

  737     738     775     794     841  
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total fixed charges from continuing operations

$ 1,212   $ 1,233   $ 1,256   $ 1,305   $ 1,309  
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

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

$ (326 $ 2,073   $ 1,592   $ 1,245   $ 967  
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

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

  (0.27   1.68     1.27     0.95     0.74  
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

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

$ (1,063 $ 1,335   $ 817   $ 451   $ 126  
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

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

  (2.24   2.70     1.70     0.88     0.27  
  

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

For the years ended December 31, 2014, 2011 and 2010, our deficiency in income necessary to cover fixed charges was $1,538 million, $60 million and $342 million, respectively.