Exhibit 12

Nationwide Financial Services, Inc. and Subsidiaries

Statement Regarding Computation of Earnings (Loss) to Fixed Charges

(in millions)



|                                                                                                |  |                          |         |      |   |          |      |  |      |         |      |   |         |  |   |        
|----------------------------------------------------------------------------------------------- |  | ------------------------ | ------- | ---- | - | -------- | ---- |  | ---- | ------- | ---- | - | ------- |  | - | -------
|                                                                                                |  | Years ended December 31,
|                                                                                                |  | 2009                     |         | 2008 |   |          | 2007 |  | 2006 |         | 2005
|Earnings (Loss):                                                                                |  |                          |         |      |   |          |      |  |      |         |      |   |         |  |   |        
|Earnings (loss) from continuing operations before federal income tax expense (benefit)          |  | $                        | 362.1   |      | $ | (1,440.2 | )    |  | $    | 749.5   |      | $ | 761.9   |  | $ | 740.6  
|Fixed charges                                                                                   |  |                          | 1,243.0 |      |   | 1,316.1  |      |  |      | 1,462.8 |      |   | 1,484.6 |  |   | 1,510.2
|                                                                                                |  |                          |         |      |   |          |      |  |      |         |      |   |         |  |   |        
|                                                                                                |  | $                        | 1,605.1 |      | $ | (124.1   | )    |  | $    | 2,212.3 |      | $ | 2,246.5 |  | $ | 2,250.8
|                                                                                                |  |                          |         |      |   |          |      |  |      |         |      |   |         |  |   |        
|Fixed Charges:                                                                                  |  |                          |         |      |   |          |      |  |      |         |      |   |         |  |   |        
|Interest credited to policyholder accounts                                                      |  | $                        | 1,140.0 |      | $ | 1,210.5  |      |  | $    | 1,342.0 |      | $ | 1,381.5 |  | $ | 1,380.9
|Interest expense                                                                                |  |                          | 103.0   |      |   | 105.6    |      |  |      | 110.6   |      |   | 103.1   |  |   | 107.6  
|Debt extinguishment costs                                                                       |  |                          |        |      |   |         |      |  |      | 10.2    |      |   |        |  |   | 21.7   
|                                                                                                |  |                          |         |      |   |          |      |  |      |         |      |   |         |  |   |        
|                                                                                                |  | $                        | 1,243.0 |      | $ | 1,316.1  |      |  | $    | 1,462.8 |      | $ | 1,484.6 |  | $ | 1,510.2
|                                                                                                |  |                          |         |      |   |          |      |  |      |         |      |   |         |  |   |        
|Ratio of earnings (loss) to fixed charges                                                       |  |                          | 1.3     |      |   | (0.1     | )    |  |      | 1.5     |      |   | 1.5     |  |   | 1.5    
|                                                                                                |  |                          |         |      |  
|Ratio of earnings (loss) to fixed charges, excluding interest credited to policyholder accounts |  |                          | 4.5     |      |   | (12.6    | )    |  |      | 7.2     |      |   | 8.4     |  |   | 6.7    
|                                                                                                |  |                          |         |      |  
|Deficiency of earnings1                                                                         |  | $                        |        |      | $ | 1,440.2  |      |  | $    |        |      | $ |        |  | $ |       



|1 | Represents
additional earnings that would be necessary to result in a one-to-one ratio of earnings to fixed charges.
|- | --------------------------------------------------------------------------------------------------------------------