Genworth Life & Annuity Insurance 10-Q 2003 Q3 Quarterly report

Exhibit 12

GE LIFE AND ANNUITY ASSURANCE COMPANY AND SUBSIDIARY

Computation of Ratio of Earnings to Fixed Charges

Nine Months Ended September 30, 2003

(Dollar amounts in millions)

(Unaudited)

	Ratio of Earnings to Fixed Charges
Net earnings	$	12.7
Provision for income taxes		(0.7	)
Earnings before income taxes		12.0
Fixed charges:
Interest		—
Interest portion of net rentals		0.5
Total fixed charges		0.5
Less interest capitalized, net of amortization		—
Earnings before income taxes, plus fixed charges	$	12.5
Ratio of earnings to fixed charges		25.0

For purposes of computing the ratios, fixed charges consist of interest on all indebtedness and one-third of rentals, which management believes is a reasonable approximation of the interest factor of such rentals.

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