Genworth Financial (GNW) 10-Q 2007 Q3 Quarterly report

Exhibit 12

Genworth Financial, Inc.

Statement of Ratio of Income to Fixed Charges

(Dollar amounts in millions)

	Nine months ended September 30,		Years ended December 31,
	2007		2006		2005		2004		2003		2002
Income from continuing operations before income taxes and accounting changes	$	1,357	$	1,853	$	1,745	$	1,584	$	1,305	$	1,688
Fixed charges included in income from continuing operations:
Interest expense(1)		355		364		293		217		140		124
Interest portion of rental expense		12		15		13		14		23		25
Subtotal		367		379		306		231		163		149
Interest credited to investment contractholders		1,167		1,520		1,423		1,431		1,623		1,644
Total fixed charges from continuing operations		1,534		1,899		1,729		1,662		1,786		1,793
Fixed charges included in income from discontinued operations:
Interest expense		—		—		—		—		12		16
Interest portion of rental expense		—		—		—		—		8		12
Subtotal		—		—		—		—		20		28
Interest credited to investment contractholders		1		2		2		1		69		80
Total fixed charges from discontinued operations		1		2		2		1		89		108
Total fixed charges		1,535		1,901		1,731		1,663		1,875		1,901
Income available for fixed charges (including interest credited to investment contractholders)	$	2,892	$	3,754	$	3,476	$	3,247	$	3,180	$	3,589
Income available for fixed charges (excluding interest credited to investment contractholders)	$	1,724	$	2,232	$	2,051	$	1,815	$	1,488	$	1,865
Ratio of income to fixed charges (including interest credited to investment contractholders)		1.88		1.97		2.01		1.95		1.70		1.89
Ratio of income to fixed charges (excluding interest credited to investment contractholders)		4.70		5.89		6.70		7.86		8.13		10.54

⁽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.”