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- 10-K Annual report
- 10.6.1 Exhibit 10.6.1
- 10.7.1 Exhibit 10.7.1
- 10.8.1 Exhibit 10.8.1
- 10.9.1 Exhibit 10.9.1
- 10.10.1 Exhibit 10.10.1
- 10.11.1 Exhibit 10.11.1
- 10.12.1 Exhibit 10.12.1
- 10.13.1 Exhibit 10.13.1
- 10.14.1 Exhibit 10.14.1
- 10.15.1 Exhibit 10.15.1
- 10.34 Exhibit 10.34
- 10.35 Exhibit 10.35
- 10.36 Exhibit 10.36
- 10.37 Exhibit 10.37
- 10.38.2 Exhibit 10.38.2
- 10.41 Exhibit 10.41
- 10.42 Exhibit 10.42
- 12 Exhibit 12
- 14 Exhibit 14
- 21 Exhibit 21
- 23 Exhibit 23
- 24 Exhibit 24
- 31.1 Exhibit 31.1
- 31.2 Exhibit 31.2
- 32.1 Exhibit 32.1
- 32.2 Exhibit 32.2
Exhibit 12
Genworth Financial, Inc.
Statement of Ratio of Income to Fixed Charges
(Dollar amounts in millions)
Years ended December 31, | ||||||||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||
Income (loss) from continuing operations before income taxes and accounting changes | $ | (942 | ) | $ | 1,606 | $ | 1,853 | $ | 1,745 | $ | 1,584 | |||||
Fixed charges included in income (loss) from continuing operations: | ||||||||||||||||
Interest expense | 470 | 481 | 364 | 293 | 217 | |||||||||||
Interest portion of rental expense | 18 | 15 | 15 | 13 | 14 | |||||||||||
Subtotal | 488 | 496 | 379 | 306 | 231 | |||||||||||
Interest credited to investment contractholders | 1,293 | 1,552 | 1,520 | 1,423 | 1,431 | |||||||||||
Total fixed charges from continuing operations | 1,781 | 2,048 | 1,899 | 1,729 | 1,662 | |||||||||||
Fixed charges included in income from discontinued operations: | ||||||||||||||||
Interest expense | — | — | — | — | — | |||||||||||
Interest portion of rental expense | — | — | — | — | — | |||||||||||
Subtotal | — | — | — | — | — | |||||||||||
Interest credited to investment contractholders | — | 1 | 2 | 2 | 1 | |||||||||||
Total fixed charges from discontinued operations | — | 1 | 2 | 2 | 1 | |||||||||||
Total fixed charges | 1,781 | 2,049 | 1,901 | 1,731 | 1,663 | |||||||||||
Income (loss) available for fixed charges (including interest credited to investment contractholders) | $ | 839 | $ | 3,655 | $ | 3,754 | $ | 3,476 | $ | 3,247 | ||||||
Income (loss) available for fixed charges (excluding interest credited to investment contractholders) | $ | (454 | ) | $ | 2,102 | $ | 2,232 | $ | 2,051 | $ | 1,815 | |||||
Ratio of income (loss) to fixed charges (including interest credited to investment contractholders) | 0.47 | 1.78 | 1.97 | 2.01 | 1.95 | |||||||||||
Ratio of income (loss) to fixed charges (excluding interest credited to investment contractholders) | (0.93 | ) | 4.24 | 5.89 | 6.70 | 7.86 |
For the year ended December 31, 2008, additional income required to achieve a 1:1 ratio coverage was $942 million.