Genworth Life & Annuity Insurance 10-K 2007 FY Annual report

Exhibit 12

Genworth Life and Annuity Insurance Company

Statement of Ratio of Income to Fixed Charges

(Dollar amounts in millions)

	Years ended December 31,
	2007		2006		2005		2004		2003
Net income before income taxes and equity in net income of subsidiary	$	405.9	$	548.0	$	418.5	$	367.3	$	242.6
Fixed charges:
Interest expense(1)		205.1		134.0		48.7		24.5		43.5
Interest portion of rental expense		3.5		2.9		2.6		2.5		2.7
Subtotal		208.6		136.9		51.3		27.0		46.2
Interest credited to investment contractholders		541.3		496.7		456.0		487.0		742.5
Total fixed charges		749.9		633.6		507.3		514.0		788.7
Income available for fixed charges (including interest credited to investment contractholders)	$	1,155.8	$	1,181.6	$	925.8	$	881.3	$	1,031.3
Income available for fixed charges (excluding interest credited to investment contractholders)	$	614.5	$	684.9	$	469.8	$	394.3	$	288.8
Ratio of income to fixed charges (including interest credited to investment contractholders)		1.54		1.87		1.82		1.71		1.31
Ratio of income to fixed charges (excluding interest credited to investment contractholders)		2.95		5.00		9.17		14.61		6.25

⁽¹⁾ Interest expense primarily relates to interest on our non-recourse funding obligations as further described in note 11 of our consolidated financial statements in “Item 8—Financial Statements and Supplementary Data.”