Exhibit 12
Genworth Financial, Inc.
Statement of Ratio of Income to Fixed Charges
(Dollar amounts in millions)
| Nine months ended September 30, 2016 |
Years ended December 31, | |||||||||||||||||||||||
| 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||||
| Income (loss) from continuing operations before income taxes and accounting changes |
$ | 376 | $ | (15 | ) | $ | (1,299 | ) | $ | 993 | $ | 645 | $ | (10 | ) | |||||||||
| Less: income attributable to noncontrolling interests before income taxes |
208 | 259 | 262 | 210 | 270 | 190 | ||||||||||||||||||
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| Income (loss) from continuing operations before income taxes and accounting changes and excluding income attributable to noncontrolling interests |
$ | 168 | $ | (274 | ) | $ | (1,561 | ) | $ | 783 | $ | 375 | $ | (200 | ) | |||||||||
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| Fixed charges included in income (loss) from continuing operations: |
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| Interest expense |
$ | 252 | $ | 407 | $ | 418 | $ | 440 | $ | 422 | $ | 458 | ||||||||||||
| Interest portion of rental expense |
5 | 6 | 8 | 8 | 9 | 10 | ||||||||||||||||||
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| Subtotal |
257 | 413 | 426 | 448 | 431 | 468 | ||||||||||||||||||
| Interest credited to investment contractholders |
523 | 720 | 737 | 738 | 775 | 794 | ||||||||||||||||||
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| Total fixed charges from continuing operations |
$ | 780 | $ | 1,133 | $ | 1,163 | $ | 1,186 | $ | 1,206 | $ | 1,262 | ||||||||||||
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| Income (loss) from continuing operations available for fixed charges (including interest credited to investment contractholders) |
$ | 948 | $ | 859 | $ | (398 | ) | $ | 1,969 | $ | 1,581 | $ | 1,062 | |||||||||||
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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) |
1.22 | 0.76 | (0.34 | ) | 1.66 | 1.31 | 0.84 | |||||||||||||||||
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| Income (loss) from continuing operations available for fixed charges (excluding interest credited to investment contractholders) |
$ | 425 | $ | 139 | $ | (1,135 | ) | $ | 1,231 | $ | 806 | $ | 268 | |||||||||||
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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) |
1.65 | 0.34 | (2.66 | ) | 2.75 | 1.87 | 0.57 | |||||||||||||||||
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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.