Exhibit 12

Genworth Financial, Inc.

Statement of Ratio of Income to Fixed Charges

(Dollar amounts in millions)

 

     Six months
ended

June 30, 2016
     Years ended December 31,  
      2015     2014     2013      2012      2011  

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

   $ 501      $ (15   $ (1,299   $ 993      $ 645      $ (10

Less: income attributable to noncontrolling interests before income taxes

     142        259       262       210        270        190  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

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

   $ 359      $ (274   $ (1,561   $ 783      $ 375      $ (200
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

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

               

Interest expense

   $ 179      $ 407     $ 418     $ 440      $ 422      $ 458  

Interest portion of rental expense

     3        6       8       8        9        10  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Subtotal

     182        413       426       448        431        468  

Interest credited to investment contractholders

     350        720       737       738        775        794  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

Total fixed charges from continuing operations

   $ 532      $ 1,133     $ 1,163     $ 1,186      $ 1,206      $ 1,262  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

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

   $ 891      $ 859     $ (398   $ 1,969      $ 1,581      $ 1,062  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

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

     1.67        0.76       (0.34     1.66        1.31        0.84  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

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

   $ 541      $ 139     $ (1,135   $ 1,231      $ 806      $ 268  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

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        0.34       (2.66     2.75        1.87        0.57  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

    

 

 

 

For the years ended December 31, 2015, 2014 and 2011, our deficiency in income necessary to cover fixed charges was $274 million, $1,561 million and $200 million, respectively.