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 | ||||||||||||||||||
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| 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 | ) | |||||||||
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| Fixed charges included in income (loss) from continuing operations: |
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| Interest expense |
$ | 205 | $ | 418 | $ | 440 | $ | 422 | $ | 458 | $ | 403 | ||||||||||||
| Interest portion of rental expense |
3 | 8 | 8 | 9 | 10 | 9 | ||||||||||||||||||
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| Subtotal |
208 | 426 | 448 | 431 | 468 | 412 | ||||||||||||||||||
| Interest credited to investment contractholders |
361 | 737 | 738 | 775 | 794 | 841 | ||||||||||||||||||
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| Total fixed charges from continuing operations |
$ | 569 | $ | 1,163 | $ | 1,186 | $ | 1,206 | $ | 1,262 | $ | 1,253 | ||||||||||||
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| Income (loss) from continuing operations available for fixed charges (including interest credited to investment contractholders) |
$ | 964 | $ | (398 | ) | $ | 1,969 | $ | 1,581 | $ | 1,062 | $ | 799 | |||||||||||
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| 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 | |||||||||||||||||
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| Income (loss) from continuing operations available for fixed charges (excluding interest credited to investment contractholders) |
$ | 603 | $ | (1,135 | ) | $ | 1,231 | $ | 806 | $ | 268 | $ | (42 | ) | ||||||||||
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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) |
2.90 | (2.66 | ) | 2.75 | 1.87 | 0.57 | (0.10 | ) | ||||||||||||||||
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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.