Voya Insurance & Annuity 10-Q 2006 Q3 Quarterly report

Exhibit 12.

ING USA ANNUITY AND LIFE INSURANCE COMPANY

COMPUTATION OF EARNINGS TO FIXED CHARGES RATIO

				Nine
				Months
				Ended
				September30,
				2006		2005		2004		2003		2002		2001
	Earnings:
1.	Income (loss) before income taxes and cumulative
		effect of changes in accounting principles	$	183.9	$	224.1	$	173.6	$	56.5	$	(176.3)	$	(3.8)
	FixedCharges:
2.	Interest expense			22.8		29.6		5.1		8.2		8.5		4.9
3.	Interest factor on rental expense			4.7		8.0		5.0		5.3		5.4		2.5
4.	Interest credited to contractowners			732.4		946.5		903.6		896.7		794.0		825.7
5.	Net (undistributed) distributed income from
		equity investees		0.9		(1.6)		(1.8)		13.7		-		-
6.	Totalfixedcharges(2+3+4+5)			760.8		982.5		911.9		923.9		807.9		833.1
7.	Totalfixedchargesexcludinginterest
		creditedtocontractowners(6-4)		28.4		36.0		8.3		27.2		13.9		7.4
8.	Earningsandfixedcharges(1+6)			944.7		1,206.6		1,085.5		980.4		631.6		829.3
9.	Earningsandfixedcharges,excluding
		interestcreditedtocontractowners(1+7)		212.3		260.1		181.9		83.7		(162.4)		3.6
	Ratios
10.	Earnings and fixed charges,
		to total fixed charges (8 / 6)		1.2		1.2		1.2		1.1		0.8		1.0
11.	Earnings and fixed charges, excluding interest
		credited to contractowners to
		total fixed charges (9 / 7)		7.5		7.2		21.9		3.1		NM		0.5
12.	Deficiency of earnings to fixed charges (6 - 8)*		$	-	$	-	$	-	$	-	$	176.3	$	3.8
* Represents additional earnings that would be necessary to result in a one to one ratio of earnings to fixed charges.
NM - Not meaningful.