Exhibit 12

Genworth Financial, Inc.

Statement of Ratio of Income to Fixed Charges

(Dollar amounts in millions)

 

     Six months
ended

June 30, 2015
     Years ended December 31,  
        2014     2013      2012      2011     2010  

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

   $ 539      $ (1,299   $ 993      $ 645      $ (10   $ (255

Less: income attributable to noncontrolling interests before income taxes

     144        262       210        270        190       199  
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

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

   $ 395      $ (1,561   $ 783      $ 375      $ (200   $ (454
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

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

               

Interest expense

   $ 205      $ 418     $ 440      $ 422      $ 458     $ 403  

Interest portion of rental expense

     3        8       8        9        10       9  
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Subtotal

     208        426       448        431        468       412  

Interest credited to investment contractholders

     361        737       738        775        794       841  
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total fixed charges from continuing operations

   $ 569      $ 1,163     $ 1,186      $ 1,206      $ 1,262     $ 1,253  
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

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

   $ 964      $ (398   $ 1,969      $ 1,581      $ 1,062     $ 799  
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

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

     1.69        (0.34     1.66        1.31        0.84       0.64  
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

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

   $ 603      $ (1,135   $ 1,231      $ 806      $ 268     $ (42
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

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

     2.90        (2.66     2.75        1.87        0.57       (0.10
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

For the years ended December 31, 2014, 2011 and 2010, our deficiency in income from continuing operations necessary to cover fixed charges was $1,561 million, $200 million and $454 million, respectively.