Genworth Financial (GNW) 10-Q 2006 Q2 Quarterly report

Exhibit 12

Genworth Financial, Inc.

Statement Of Ratio Of Earnings To Fixed Charges

(Dollar amounts in millions)

	Six months ended June 30,		Years ended December 31,
	2006		2005		2004		2003		2002		2001
Net earnings from continuing operations before income taxes and accounting changes	$	950	$	1,798	$	1,638	$	1,382	$	1,791	$	1,821
Fixed charges included in earnings from continuing operations:
Interest expense		170		293		217		140		124		126
Interest portion of rental expense		8		13		14		23		25		23
Subtotal		178		306		231		163		149		149
Interest credited to investment contractholders		751		1,425		1,432		1,624		1,645		1,620
Subtotal		929		1,731		1,663		1,787		1,794		1,769
Fixed charges included in earnings from discontinued operations:
Interest expense		—		—		—		12		16		15
Interest portion of rental expense		—		—		—		8		12		12
Subtotal		—		—		—		20		28		27
Interest credited to investment contractholders		—		—		—		68		79		51
Total fixed charges from discontinued operations		—		—		—		88		107		78
Total fixed charges		929		1,731		1,663		1,875		1,901		1,847
Earnings available for fixed charges (including interest credited to investment contractholders)	$	1,879	$	3,529	$	3,301	$	3,257	$	3,692	$	3,668
Earnings available for fixed charges (excluding interest credited to investment contractholders)	$	1,128	$	2,104	$	1,869	$	1,565	$	1,968	$	1,997
Ratio of earnings to fixed charges (including interest credited to investment contractholders)		2.02		2.04		1.98		1.74		1.94		1.99
Ratio of earnings to fixed charges (excluding interest credited to investment contractholders)		6.34		6.88		8.09		8.55		11.12		11.35