Genworth Financial (GNW) 10-Q 2014 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, 2014			Years ended December 31,
				2013		2012		2011			2010			2009
Income (loss) from continuing operations before income taxes and accounting changes	$	(353	)	$	1,050	$	606	$	130		$	(143	)	$	(925	)
Less: income attributable to noncontrolling interests before income taxes		190			210		270		190			199			87
Income (loss) from continuing operations before income taxes and accounting changes and excluding income attributable to noncontrolling interests	$	(543	)	$	840	$	336	$	(60	)	$	(342	)	$	(1,012	)
Fixed charges included in income (loss) from continuing operations:
Interest expense	$	348		$	482	$	467	$	496		$	454		$	393
Interest portion of rental expense		9			13		14		15			14			13
Subtotal		357			495		481		511			468			406
Interest credited to investment contractholders		552			738		775		794			841			984
Total fixed charges from continuing operations	$	909		$	1,233	$	1,256	$	1,305		$	1,309		$	1,390
Income from continuing operations available for fixed charges (including interest credited to investment contractholders)	$	366		$	2,073	$	1,592	$	1,245		$	967		$	378
Ratio of income from continuing operations available for fixed charges to fixed charges from continuing operations (including interest credited to investment contractholders)		0.40			1.68		1.27		0.95			0.74			0.27
Income (loss) from continuing operations available for fixed charges (excluding interest credited to investment contractholders)	$	(186	)	$	1,335	$	817	$	451		$	126		$	(606	)
Ratio of income (loss) from continuing operations available for fixed charges to fixed charges from continuing operations (excluding interest credited to investment contractholders)		(0.52	)		2.70		1.70		0.88			0.27			(1.49	)

For the nine months ended September 30, 2014 and the years ended December 31, 2011, 2010, and 2009, our deficiency in income from continuing operations necessary to cover fixed charges was $543 million, $60 million, $342 million and $1,012 million, respectively.