Genworth Financial (GNW) 10-Q 2008 Q2 Quarterly report

Exhibit 12

Genworth Financial, Inc.

Statement of Ratio of Income to Fixed Charges

(Dollar amounts in millions)

	Six months ended June 30,			Years ended December 31,
	2008			2007		2006		2005		2004		2003
Income (loss) from continuing operations before income taxes and accounting changes	$	(14	)	$	1,606	$	1,853	$	1,745	$	1,584	$	1,305
Fixed charges included in income (loss) from continuing operations:
Interest expense		222			481		364		293		217		140
Interest portion of rental expense		8			15		15		13		14		23
Subtotal		230			496		379		306		231		163
Interest credited to investment contractholders		665			1,552		1,520		1,423		1,431		1,623
Total fixed charges from continuing operations		895			2,048		1,899		1,729		1,662		1,786
Fixed charges included in income from discontinued operations:
Interest expense		—			—		—		—		—		12
Interest portion of rental expense		—			—		—		—		—		8
Subtotal		—			—		—		—		—		20
Interest credited to investment contractholders		—			1		2		2		1		69
Total fixed charges from discontinued operations		—			1		2		2		1		89
Total fixed charges		895			2,049		1,901		1,731		1,663		1,875
Income available for fixed charges (including interest credited to investment contractholders)	$	881		$	3,655	$	3,754	$	3,476	$	3,247	$	3,180
Income available for fixed charges (excluding interest credited to investment contractholders)	$	216		$	2,102	$	2,232	$	2,051	$	1,815	$	1,488
Ratio of income to fixed charges (including interest credited to investment contractholders)		0.98			1.78		1.97		2.01		1.95		1.70
Ratio of income to fixed charges (excluding interest credited to investment contractholders)		0.94			4.24		5.89		6.70		7.86		8.13