Genworth Financial (GNW) 10-Q 2009 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, 2009			Years ended December 31,
				2008			2007		2006		2005		2004
Income (loss) from continuing operations before income taxes and accounting changes	$	(894	)	$	(942	)	$	1,606	$	1,853	$	1,745	$	1,584
Less: income attributable to noncontrolling interests before income taxes		40			—			—		—		—		—
Income (loss) from continuing operations before income taxes and accounting changes and excluding income attributable to noncontrolling interests	$	(934	)	$	(942	)	$	1,606	$	1,853	$	1,745	$	1,584
Fixed charges included in income (loss) from continuing operations:
Interest expense	$	306		$	470		$	481	$	364	$	293	$	217
Interest portion of rental expense		10			18			15		15		13		14
Subtotal		316			488			496		379		306		231
Interest credited to investment contractholders		763			1,293			1,552		1,520		1,423		1,431
Total fixed charges from continuing operations		1,079			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	$	1,079		$	1,781		$	2,049	$	1,901	$	1,731	$	1,663
Income (loss) available for fixed charges (including interest credited to investment contractholders)	$	145		$	839		$	3,655	$	3,754	$	3,476	$	3,247
Ratio of income (loss) to fixed charges (including interest credited to investment contractholders)		0.13			0.47			1.78		1.97		2.01		1.95
Income (loss) available for fixed charges (excluding interest credited to investment contractholders)	$	(618	)	$	(454	)	$	2,102	$	2,232	$	2,051	$	1,815
Ratio of income (loss) to fixed charges (excluding interest credited to investment contractholders)		(1.96	)		(0.93	)		4.24		5.89		6.70		7.86

For the nine months ended September 30, 2009, additional income required to achieve a 1:1 ratio coverage was $934 million.

For the year ended December 31, 2008, additional income required to achieve a 1:1 ratio coverage was $942 million.