Exhibit 12

NATIONWIDE FINANCIAL SERVICES, INC. AND SUBSIDIARIES

Statement Regarding Computation of (Loss)
Earnings to Fixed Charges

(in millions)



|                                                                                                |  |                          |          |   |      |   |         |  |      |         |      |   |         |  |   |        
|----------------------------------------------------------------------------------------------- |  | ------------------------ | -------- | - | ---- | - | ------- |  | ---- | ------- | ---- | - | ------- |  | - | -------
|                                                                                                |  | Years ended December 31,
|                                                                                                |  | 2008                     |          |   | 2007 |   | 2006    |  | 2005 |         | 2004
|(Loss) Earnings:                                                                                |  |                          |          |   |      |   |         |  |      |         |      |   |         |  |   |        
|(Loss) earnings from continuing operations before federal income tax (benefit) expense          |  | $                        | (1,367.9 | ) |      | $ | 800.4   |  | $    | 799.3   |      | $ | 780.4   |  | $ | 700.5  
|Fixed charges                                                                                   |  |                          | 1,316.1  |   |      |   | 1,462.8 |  |      | 1,484.6 |      |   | 1,510.4 |  |   | 1,430.5
|                                                                                                |  |                          |          |   |      |   |         |  |      |         |      |   |         |  |   |        
|                                                                                                |  | $                        | (51.8    | ) |      | $ | 2,263.2 |  | $    | 2,283.9 |      | $ | 2,290.8 |  | $ | 2,131.0
|                                                                                                |  |                          |          |   |      |   |         |  |      |         |      |   |         |  |   |        
|Fixed Charges:                                                                                  |  |                          |          |   |      |   |         |  |      |         |      |   |         |  |   |        
|Interest credited to policyholder accounts                                                      |  | $                        | 1,210.5  |   |      | $ | 1,342.0 |  | $    | 1,381.5 |      | $ | 1,380.9 |  | $ | 1,328.3
|Interest expense                                                                                |  |                          | 105.6    |   |      |   | 110.6   |  |      | 103.1   |      |   | 107.6   |  |   | 102.4  
|Debt extinguishment costs                                                                       |  |                          |         |   |      |   | 10.2    |  |      |        |      |   | 21.7    |  |   |       
|                                                                                                |  |                          |          |   |      |   |         |  |      |         |      |   |         |  |   |        
|                                                                                                |  | $                        | 1,316.1  |   |      | $ | 1,462.8 |  | $    | 1,484.6 |      | $ | 1,510.2 |  | $ | 1,430.7
|                                                                                                |  |                          |          |   |      |   |         |  |      |         |      |   |         |  |   |        
|Ratio of (loss) earnings to fixed charges                                                       |  |                          | (0.0     | ) |      |   | 1.5     |  |      | 1.5     |      |   | 1.5     |  |   | 1.5    
|                                                                                                |  |                          |          |   |     
|Ratio of (loss) earnings to fixed charges, excluding interest credited to policyholder accounts |  |                          | (12.0    | ) |      |   | 7.6     |  |      | 8.8     |      |   | 7.0     |  |   | 7.8