Exhibit 12

Genworth Financial, Inc.

Statement of Ratio of Income to Fixed Charges

(Dollar amounts in millions)

 

    Three months
ended

March 31, 2015
    Years ended December 31,  
    2014     2013     2012     2011     2010  

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

  $ 295     $ (1,276   $ 1,050     $ 606     $ 130     $ (143

Less: income attributable to noncontrolling interests before income taxes

    66       262       210       270       190       199  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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

$ 229   $ (1,538 $ 840   $ 336   $ (60 $ (342
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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

Interest expense

$ 113   $ 463   $ 482   $ 467   $ 496   $ 454  

Interest portion of rental expense

  3     12     13     14     15     14  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Subtotal

  116     475     495     481     511     468  

Interest credited to investment contractholders

  180     737     738     775     794     841  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges from continuing operations

$ 296   $ 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)

$ 525   $ (326 $ 2,073   $ 1,592   $ 1,245   $ 967  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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

  1.77     (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)

$ 345   $ (1,063 $ 1,335   $ 817   $ 451   $ 126  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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

  2.97     (2.24   2.70     1.70     0.88     0.27  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

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