Genworth Financial (GNW) 10-Q 2016 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, 2016		Years ended December 31,
			2015			2014			2013		2012		2011
Income (loss) from continuing operations before income taxes and accounting changes	$	501	$	(15	)	$	(1,299	)	$	993	$	645	$	(10	)
Less: income attributable to noncontrolling interests before income taxes		142		259			262			210		270		190
Income (loss) from continuing operations before income taxes and accounting changes and excluding income attributable to noncontrolling interests	$	359	$	(274	)	$	(1,561	)	$	783	$	375	$	(200	)
Fixed charges included in income (loss) from continuing operations:
Interest expense	$	179	$	407		$	418		$	440	$	422	$	458
Interest portion of rental expense		3		6			8			8		9		10
Subtotal		182		413			426			448		431		468
Interest credited to investment contractholders		350		720			737			738		775		794
Total fixed charges from continuing operations	$	532	$	1,133		$	1,163		$	1,186	$	1,206	$	1,262
Income (loss) from continuing operations available for fixed charges (including interest credited to investment contractholders)	$	891	$	859		$	(398	)	$	1,969	$	1,581	$	1,062
Ratio of income (loss) from continuing operations available for fixed charges to fixed charges from continuing operations (including interest credited to investment contractholders)		1.67		0.76			(0.34	)		1.66		1.31		0.84
Income (loss) from continuing operations available for fixed charges (excluding interest credited to investment contractholders)	$	541	$	139		$	(1,135	)	$	1,231	$	806	$	268
Ratio of income (loss) from continuing operations available for fixed charges to fixed charges from continuing operations (excluding interest credited to investment contractholders)		2.97		0.34			(2.66	)		2.75		1.87		0.57

For the years ended December 31, 2015, 2014 and 2011, our deficiency in income necessary to cover fixed charges was $274 million, $1,561 million and $200 million, respectively.