| Exhibit 12                                                                                                                                                                                                      |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                 |
| ING USA ANNUITY AND LIFE INSURANCE COMPANY                                                                                                                                             |
| COMPUTATION OF EARNINGS TO FIXED CHARGES RATIO                                                                                                                                         |
|                                                                                                                                                                                                                 |
|                                                                                                                                                                                                                 |   |   |   |   | Six Months |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                 |   |   |   |   | Ended |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                 |   |   |   |   | June 30, |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                 |   |   |   |   | 2010 |   |   | 2009 |   |   | 2008 |   |   | 2007 |   |   | 2006 |   |   | 2005 |
|                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                 | Earnings: |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 1.                                                                                                                                                                                                                   | Income (loss) before income taxes |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                 | and cumulative effect of changes  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                 | in accounting principles | $ |          (101.4) |   | $ |     (133.3) |   | $ |  (1,626.4) |   | $ |       127.4  |   | $ |       276.6  |   | $ |       224.1  |
|                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                 | Fixed Charges: |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 2.                                                                                                                                                                                                                   | Interest expense |   |              16.0  |   |   |         32.9  |   |   |         30.5  |   |   |         32.5  |   |   |         30.3  |   |   |         29.6  |
| 3.                                                                                                                                                                                                                   | Interest factor on rental expense |   |                2.0  |   |   |           5.1  |   |   |           5.1  |   |   |           5.5  |   |   |           6.5  |   |   |           8.0  |
| 4.                                                                                                                                                                                                                   | Interest credited to contractowners |   |            419.0  |   |   |       875.2  |   |   |    1,024.1  |   |   |    1,067.0  |   |   |       980.8  |   |   |       946.5  |
| 5.                                                                                                                                                                                                                   | Net (undistributed) distributed  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                 | income from equity investees |   |              (9.3) |   |   |         20.2  |   |   |         90.9  |   |   |       (11.7) |   |   |         (1.7) |   |   |         (1.6) |
| 6.                                                                                                                                                                                                                   | Total fixed charges  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                 |  (2 + 3 + 4 + 5)  |   |            427.7  |   |   |       933.4  |   |   |    1,150.6  |   |   |    1,093.3  |   |   |    1,015.9  |   |   |       982.5  |
| 7.                                                                                                                                                                                                                   | Total fixed charges |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                 | excluding interest  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                 | credited to contractowners (6 - 4) |   |                8.7  |   |   |         58.2  |   |   |       126.5  |   |   |         26.3  |   |   |         35.1  |   |   |         36.0  |
| 8.                                                                                                                                                                                                                   | Earnings and fixed charges (1 + 6) |   |            326.3  |   |   |       800.1  |   |   |     (475.8) |   |   |    1,220.7  |   |   |    1,292.5  |   |   |    1,206.6  |
| 9.                                                                                                                                                                                                                   | Earnings and fixed charges,  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                 | excluding interest credited  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                 | to contractowners (1 + 7) |   |            (92.7) |   |   |       (75.1) |   |   |  (1,499.9) |   |   |       153.7  |   |   |       311.7  |   |   |       260.1  |
|                                                                                                                                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                 | Ratios: |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 10.                                                                                                                                                                                                                  | Earnings and fixed charges, to total  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                 | fixed charges (8 / 6) |   |                0.8  |   |   |           0.9  |   |   |         (0.4) |   |   |           1.1  |   |   |           1.3  |   |   |           1.2  |
| 11.                                                                                                                                                                                                                  | Earnings and fixed charges,  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                 | excluding interest |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                 | credited to contractowners  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                 | to total fixed charges (9 / 7) |   |            (10.7) |   |   |         (1.3) |   |   |       (11.9) |   |   |           5.8  |   |   |           8.9  |   |   |           7.2  |
| 12.                                                                                                                                                                                                                  | Deficiency of earnings to fixed  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                 | charges (6 - 8)* | $ |            101.4  |   | $ |       133.3  |   | $ |    1,626.4  |   | $ |              -   |   | $ |              -   |   | $ |              -   |
| *Represents additional earnings that would be necessary to result in a one to one ratio of earnings to fixed charges. |