Genworth Financial (GNW) 10-Q 2013 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, 2013		Years ended December 31,
			2012		2011			2010			2009			2008
Income (loss) from continuing operations before income taxes and accounting changes	$	484	$	606	$	130		$	(143	)	$	(925	)	$	(1,154	)
Less: income attributable to noncontrolling interests before income taxes		105		270		190			199			87			—
Income (loss) from continuing operations before income taxes and accounting changes and excluding income attributable to noncontrolling interests	$	379	$	336	$	(60	)	$	(342	)	$	(1,012	)	$	(1,154	)
Fixed charges included in income (loss) from continuing operations:
Interest expense	$	243	$	467	$	496		$	454		$	393		$	470
Interest portion of rental expense		7		14		15			14			13			17
Subtotal		250		481		511			468			406			487
Interest credited to investment contractholders		368		775		794			841			984			1,293
Total fixed charges from continuing operations	$	618	$	1,256	$	1,305		$	1,309		$	1,390		$	1,780
Income from continuing operations available for fixed charges (including interest credited to investment contractholders)	$	997	$	1,592	$	1,245		$	967		$	378		$	626
Ratio of income from continuing operations to fixed charges (including interest credited to investment contractholders)		1.61		1.27		0.95			0.74			0.27			0.35
Income from continuing operations available for fixed charges (excluding interest credited contractholders)	$	629	$	817	$	451		$	126		$	(606	)	$	(667	)
Ratio of income from continuing operations to fixed charges (excluding interest credited to investment contractholders)		2.52		1.70		0.88			0.27			(1.49	)		(1.37	)

For the years ended December 31, 2011, 2010, 2009 and 2008, our deficiency in income from continuing operations necessary to cover fixed charges was $60 million, $342 million, $1,012 million and $1,154 million, respectively.