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As Of Filer Filing For·On·As Docs:Size Issuer Agent 3/12/07 Genworth Life & Annuity Ins Co 8-K:8,9 3/12/07 10:1.6M Donnelley … Solutions/FA |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 28K 3: EX-23 Consent of Experts or Counsel HTML 10K 4: EX-99.1 Miscellaneous Exhibit HTML 262K 5: EX-99.2 Miscellaneous Exhibit HTML 53K 6: EX-99.3 Miscellaneous Exhibit HTML 34K 7: EX-99.4 Miscellaneous Exhibit HTML 221K 8: EX-99.5 Miscellaneous Exhibit HTML 20K 9: EX-99.6 Miscellaneous Exhibit HTML 774K 10: EX-99.7 Miscellaneous Exhibit HTML 61K 2: EX-12 Statement re: Computation of Ratios HTML 23K
Exhibit 12 |
Exhibit 12
Genworth Life and Annuity Insurance Company
Statement of Ratio of Income to Fixed Charges
(Amounts in millions)
Years ended December 31, | |||||||||||||||
2006 | 2005 | 2004 | 2003 | 2002 | |||||||||||
Net income before income taxes and accounting changes |
$ | 548.0 | $ | 418.5 | $ | 367.3 | $ | 242.6 | $ | 506.8 | |||||
Fixed charges: |
|||||||||||||||
Interest expense(1) |
134.0 | 48.7 | 24.5 | 43.5 | 43.8 | ||||||||||
Interest portion of rental expense |
2.9 | 2.6 | 2.5 | 2.7 | 2.2 | ||||||||||
Subtotal |
136.9 | 51.3 | 27.0 | 46.2 | 46.0 | ||||||||||
Interest credited to investment contractholders |
496.7 | 456.0 | 487.0 | 742.5 | 815.0 | ||||||||||
Total fixed charges |
633.6 | 507.3 | 514.0 | 788.7 | 861.0 | ||||||||||
Income available for fixed charges (including interest credited to investment contractholders) |
$ | 1,181.6 | $ | 925.8 | $ | 881.3 | $ | 1,031.3 | $ | 1,367.8 | |||||
Income available for fixed charges (excluding interest credited to investment contractholders) |
$ | 684.9 | $ | 469.8 | $ | 394.3 | $ | 288.8 | $ | 552.8 | |||||
Ratio of income to fixed charges (including interest credited to investment contractholders) |
1.87 | 1.82 | 1.71 | 1.31 | 1.59 | ||||||||||
Ratio of income to fixed charges (excluding interest credited to investment contractholders) |
5.00 | 9.17 | 14.61 | 6.25 | 12.01 |
(1) | Interest expense primarily relates to interest on our non-recourse funding obligations as further described in note 9 of our consolidated financial statements in “Exhibit 99.6 – Item 8 – Financial Statements and Supplementary Data.” |
This ‘8-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
Filed on / For Period End: | 3/12/07 | 10-K | ||
12/31/06 | 10-K | |||
List all Filings |