Genworth Life & Annuity Insurance 10-Q 2007 Q3 Quarterly report

Exhibit 12

Genworth Life and Annuity Insurance Company

Statement of Ratio of Income to Fixed Charges

(Dollar amounts in millions)

	Nine months ended September 30, 2007		Years ended December 31,
			2006		2005		2004		2003		2002
Income before income taxes and equity in net income of unconsolidated subsidiary	$	364.4	$	548.0	$	418.5	$	367.3	$	242.6	$	506.8
Fixed charges:
Interest expense(1)		148.2		134.0		48.7		24.5		43.5		43.8
Interest portion of rental expense		2.5		2.9		2.6		2.5		2.7		2.2
Subtotal		150.7		136.9		51.3		27.0		46.2		46.0
Interest credited to investment contractholders		402.6		496.7		456.0		487.0		742.5		815.0
Total fixed charges		553.3		633.6		507.3		514.0		788.7		861.0
Income available for fixed charges (including interest credited to investment contractholders)	$	917.7	$	1,181.6	$	925.8	$	881.3	$	1,031.3	$	1,367.8
Income available for fixed charges (excluding interest credited to investment contractholders)	$	515.1	$	684.9	$	469.8	$	394.3	$	288.8	$	552.8
Ratio of income to fixed charges (including interest credited to investment contractholders)		1.66		1.87		1.82		1.71		1.31		1.59
Ratio of income to fixed charges (excluding interest credited to investment contractholders)		3.42		5.00		9.17		14.61		6.25		12.01

⁽¹⁾ Interest expense does not include interest expense related to our unrecognized tax benefits as further described in note 2 under “Item 1—Condensed Consolidated Financial Statements.”