Exhibit 12

Genworth Financial, Inc.

Statement of Ratio of Income to Fixed Charges

(Dollar amounts in millions)

 

     Years ended December 31,  
     2016      2015     2014     2013      2012  

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

   $ 320       $ (15   $ (1,299   $ 993       $ 645   

Less: income attributable to noncontrolling interests before income taxes

     289         259        262        210         270   
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

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

   $ 31       $ (274   $ (1,561   $ 783       $ 375   
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

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

            

Interest expense

   $ 324       $ 407      $ 418      $ 440       $ 422   

Interest portion of rental expense

     6         6        8        8         9   
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

Subtotal

     330         413        426        448         431   

Interest credited to investment contractholders

     696         720        737        738         775   
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

Total fixed charges from continuing operations

   $ 1,026       $ 1,133      $ 1,163      $ 1,186       $ 1,206   
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

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

   $ 1,057       $ 859      $ (398   $ 1,969       $ 1,581   
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

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

     1.03         0.76        (0.34     1.66         1.31   
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

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

   $ 361       $ 139      $ (1,135   $ 1,231       $ 806   
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

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

     1.09         0.34        (2.66     2.75         1.87   
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

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