Voya Insurance & Annuity 10-Q 2007 Q2 Quarterly report

Exhibit 12

ING USA ANNUITY AND LIFE INSURANCE COMPANY

COMPUTATION OF EARNINGS TO FIXED CHARGES RATIO

			SixMonths
			Ended
			June30,
			2007				2006		2005		2004		2003		2002
	Earnings:
1.	Income (loss) before income taxes and
		cumulative effect of changes in
		accounting principles	$	234.7		$	276.6	$	224.1	$	173.6	$	56.5	$	(176.3)
	FixedCharges:				��
2.	Interest expense			15.0			30.3		29.6		5.1		8.2		8.5
3.	Interest factor on rental expense			2.9			6.5		8.0		5.0		5.3		5.4
4.	Interest credited to contractowners			492.9			980.8		946.5		903.6		896.7		794.0
5.	Net (undistributed) distributed
		income from equity investees		(6.6)			(1.7)		(1.6)		(1.8)		13.7		-
6.	Totalfixedcharges(2+3+4+5)			504.2			1,015.9		982.5		911.9		923.9		807.9
7.	Totalfixedchargesexcludinginterest
		creditedtocontractowners(6-4)		11.3			35.1		36.0		8.3		27.2		13.9
8.	Earningsandfixedcharges(1+6)			738.9			1,292.5		1,206.6		1,085.5		980.4		631.6
9.	Earningsandfixedcharges,
		excludinginterestcredited
		tocontractowners(1+7)		246.0			311.7		260.1		181.9		83.7		(162.4)
	Ratios:
10.	Earnings and fixed charges, to total
		fixed charges (8 / 6)		1.5			1.3		1.2		1.2		1.1		0.8
11.	Earnings and fixed charges, excluding
		interest credited to contractowners
		to total fixed charges (9 / 7)		21.8			8.9		7.2		21.9		3.1		NM
12.	Deficiency of earnings to fixed
		charges (6 - 8)*	$	-		$	-	$	-	$	-	$	-	$	176.3
*Represents additional earnings that would be necessary to result in a one to one ratio of earnings to fixed charges.
NM - Not meaningful.