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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

---------

FORM 10-Q

(Mark One)
/X/ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

For the quarterly period ended JUNE 30, 2002

OR

/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

For the transition period from _______________ to _______________


Commission file number: 333-49581, 033-63657
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ING INSURANCE COMPANY OF AMERICA
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)

FLORIDA 06-1286272
- --------------------------------------------------------------------------------
(State or other jurisdiction of (IRS employer
incorporation or organization) identification no.)

CORPORATE CENTER ONE, 2202 NORTH WESTSHORE BOULEVARD, #350, TAMPA, FLORIDA 33607
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip code)

Registrant's telephone number, including area code (860) 273-0123
--------------


- --------------------------------------------------------------------------------
Former name, former address and formal fiscal year, if changed since last report


Indicate by check /X/ whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes __X__ No _____


APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date:

25,500 shares of Common Stock as of August 12, 2002.

NOTE: WHEREAS ING INSURANCE COMPANY OF AMERICA MEETS THE CONDITIONS SET FORTH IN
GENERAL INSTRUCTION H(1)(a) AND (b) OF FORM 10Q, THIS FORM IS BEING FILED WITH
THE REDUCED DISCLOSURE FORMAT PURSUANT TO GENERAL INSTRUCTION H(2).



ING INSURANCE COMPANY OF AMERICA
(A wholly-owned subsidiary of ING Life Insurance and Annuity Company)

TABLE OF CONTENTS



PAGE
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PART I. FINANCIAL INFORMATION (Unaudited)

Item 1. Financial Statements:
Condensed Statements of Income 3
Condensed Balance Sheets 4
Condensed Statements of Changes in Shareholder's Equity 5
Condensed Statements of Cash Flows 6
Notes to Condensed Financial Statements 7

Item 2. Management's Discussion and Analysis of Financial Condition and
Results of Operations 10


PART II. OTHER INFORMATION

Item 1. Legal Proceedings 14

Item 5. Other Information 14

Item 6. Exhibits and Reports on Form 8-K 14

Signature 15



2


PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

ING INSURANCE COMPANY OF AMERICA
(A wholly-owned subsidiary of ING Life Insurance and Annuity Company)

CONDENSED STATEMENTS OF INCOME
(Unaudited)
(millions)



THREE MONTHS ENDED JUNE 30, SIX MONTHS ENDED JUNE 30,
--------------------------- -------------------------
2002 2001 2002 2001
---- ---- ---- ----

Revenue:
Contract and other charges assessed against
policyholders $ 2.9 $ 3.7 $ 5.8 $ 7.6
Net investment income 1.7 2.5 3.6 5.2
Net realized capital (losses) gains (0.9) 0.6 (1.0) 0.7
----- ----- ----- -----
Total revenue 3.7 6.8 8.4 13.5

Benefits and expenses:
Interest credited and other benefits to policyholders 1.2 1.7 2.1 3.5
Operating expenses 1.3 0.9 2.0 1.7
Amortization:
Deferred policy acquisition costs and value
of business acquired 2.6 1.4 5.3 3.4
Goodwill -- 0.6 -- 1.2
----- ----- ----- -----
Total benefits and expenses 5.1 4.6 9.4 9.8
----- ----- ----- -----

(Loss) income before income taxes (1.4) 2.2 (1.0) 3.7

Income tax (benefit) expense (0.5) 0.9 (0.4) 1.7
----- ----- ----- -----

Net (loss) income $(0.9) $ 1.3 $(0.6) $ 2.0
===== ===== ===== =====



See Notes to Condensed Financial Statements.

3


ING INSURANCE COMPANY OF AMERICA
(A wholly-owned subsidiary of ING Life Insurance and Annuity Company)

CONDENSED BALANCE SHEETS
(Unaudited)
(millions, except share data)




JUNE 30, DECEMBER 31,
2002 2001
-------- ------------

ASSETS

Investments:
Debt securities, available for sale, at fair value
(amortized cost: $109.9 and $120.2) $ 114.0 $ 124.4
Securities pledged to creditors (amortized cost: $4.4 and $7.8) 4.5 7.8
Cash and cash equivalents 2.2 --
Short-term investments under securities loan agreement 6.4 9.9
Deferred policy acquisition costs 0.9 0.8
Value of business acquired 41.5 46.5
Accrued investment income 2.0 2.0
Goodwill (net of accumulated amortization of $2.6 in 2002 and 2001) 101.8 101.8
Other assets 21.8 21.5
Separate Accounts assets 722.2 821.3
-------- --------

Total assets $1,017.3 $ 1,136.0
======== ========

LIABILITIES AND SHAREHOLDER'S EQUITY

Liabilities:
Policyholders' funds left with the Company 90.2 95.6
Payables under securities loan agreement 6.4 9.9
Cash Overdrafts -- (0.6)
Other liabilities 1.4 10.7
Income taxes:
Current 0.7 1.5
Deferred 6.7 7.4
Separate Accounts liabilities 722.2 821.3
-------- --------
Total liabilities 827.6 945.8
-------- --------

Shareholder's equity:
Common stock, par value $100 (35,000 shares
authorized, 25,500 issued and outstanding) 2.5 2.5
Paid-in capital 180.9 180.9
Accumulated other comprehensive income 1.4 1.3
Retained earnings 4.9 5.5
-------- --------
Total shareholder's equity 189.7 190.2
-------- --------

Total liabilities and shareholder's equity $1,017.3 $1,136.0
======== ========


See Notes to Condensed Financial Statements.

4


ING INSURANCE COMPANY OF AMERICA
(A wholly-owned subsidiary of ING Life Insurance and Annuity Company)

CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDER'S EQUITY
(Unaudited)
(millions)



SIX MONTHS ENDED JUNE 30,
-------------------------
2002 2001
------ ------

Shareholder's equity, beginning of period $190.2 $184.6

Comprehensive income
Net income (0.6) 2.0
Other comprehensive income, net of tax:
Unrealized gains on securities
($0.2 million, $0.6 million, pretax) 0.1 0.4
------ ------
Total comprehensive income (0.5) 2.4

Shareholder's equity, end of period $189.7 $187.0
====== ======


See Notes to Condensed Financial Statements.

5


ING INSURANCE COMPANY OF AMERICA
(A wholly-owned subsidiary of ING Life Insurance and Annuity Company)

CONDENSED STATEMENTS OF CASH FLOWS
(Unaudited)
(millions)



SIX MONTHS ENDED JUNE 30,
-------------------------
2002 2001
------ -------

Net cash provided by operating activities $ 8.0 $ 12.9

Cash Flows from Investing Activities:
Proceeds from sales of:
Debt securities available for sale 26.5 15.1
Short-term investments -- 845.4
Investment maturities and collections of:
Debt securities available for sale 10.6 6.5
Cost of investment purchases in:
Debt securities available for sale (26.5) (6.7)
Short-term investments (1.0) (856.3)
------ -------
Net cash provided by investing activities 9.6 4.0

Cash Flows from Financing Activities:
Deposits and interest credited for investment contracts 3.2 3.2
Withdrawals of investment contracts (14.9) (15.5)
Transfers to separate accounts (3.1) (4.0)
------ -------

Net cash used for financing activities (14.8) (16.3)

Net increase in cash and cash equivalents 2.8 0.6
Cash and cash equivalents, beginning of period (0.6) 9.1
------ -------

Cash and cash equivalents, end of period $ 2.2 $ 9.7
====== =======



See Notes to Condensed Financial Statements.

6


NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

1. BASIS OF PRESENTATION

ING Insurance Company of America ("IICA", or the "Company"), formerly known
as Aetna Insurance Company of America ("AICA") is a provider of financial
products and services in the United States. The Company is a wholly-owned
subsidiary of ING Life Insurance and Annuity Company ("ILIAC"). ILIAC is a
wholly-owned subsidiary of ING Retirement Holdings, Inc. ("HOLDCO"). HOLDCO
is a wholly-owned subsidiary of ING Retirement Services, Inc. ("IRSI"),
whose ultimate parent is ING Groep N.V. ("ING"), a financial services
company based in The Netherlands.

Effective January 1, 2002, the board of directors of the Company approved
an amendment to the Certificate of Incorporation of the Company to change
the name of the corporation to ING Insurance Company of America.

The Company has one operating segment and all revenue reported by the
Company comes from external customers.

The condensed financial statements have been prepared in conformity with
accounting principles generally accepted in the United States of America
and are unaudited. These interim statements necessarily rely on estimates,
including assumptions as to annualized tax rates. In the opinion of
management, all adjustments necessary for a fair statement of results for
the interim periods have been made. All such adjustments are of a normal,
recurring nature. Certain reclassifications have been made to the 2001
financial information to conform to the 2002 presentation.

The accompanying financial statements should be read in conjunction with
the financial statements and related notes as presented in the Company's
2001 Annual Report on Form 10-K. Certain financial information that is
normally included in annual financial statements prepared in accordance
with accounting principles generally accepted in the United States of
America, but that is not required for interim reporting purposes, has been
condensed or omitted.

Operating results for the three or six months ended June 30, 2002 are not
necessarily indicative of the results that may be expected for the year
ended December 31, 2002.

2. NEW ACCOUNTING STANDARD

ACCOUNTING FOR GOODWILL AND INTANGIBLE ASSETS

In June 2001, the Financial Accounting Standards Board ("FASB") issued
Financial Accounting Standard ("FAS") No. 142, Accounting for Goodwill and
Intangible Assets effective for fiscal years beginning after December 15,
2001. Under the new statement, goodwill and intangible assets deemed to
have indefinite lives will no longer be amortized but will be subject to
annual impairment tests in accordance with the new statement. Other
intangible assets will continue to be amortized over their useful lives.

7


The Company adopted the new statement effective January 1, 2002.
Application of the nonamortization provisions of the new statement resulted
in an increase in net income of $0.7 million and $1.3 million for the three
and six months ended June 30, 2002, respectively. The Company performed the
first of the required impairment tests for goodwill as of January 1, 2002.
The results indicate an impairment of goodwill exists. The required steps
for measuring the amount of the impairment will be completed and the
resulting impairment loss will be recorded as a change in accounting
principle prior to December 31, 2002. The impairment loss recorded will be
the difference between the carrying amount and the estimated fair value of
goodwill.

Had the Company been accounting for its goodwill under FAS 142 for all
periods presented, the Company's net income for the three and six months
ended June 30, 2001 would have been as follows:



THREE MONTHS ENDED SIX MONTHS ENDED
(MILLIONS) JUNE 30, 2001 JUNE 30, 2001
------------------------------------------- ------------------------- -------------------------

Reported net income $1.3 $2.0
Add back goodwill amortization 0.6 1.2
------------------------- -------------------------
Adjusted net income $1.9 $3.2
=========================================== ========================= =========================


3. ADDITIONAL INFORMATION - ACCUMULATED OTHER COMPREHENSIVE INCOME

Changes in accumulated other comprehensive income related to changes in
unrealized (losses)gains on securities (excluding those related to
experience-rated policyholders) were as follows:



------------------------------------------------------ ---------------------------------- -------------------------------
THREE MONTHS ENDED JUNE 30, SIX MONTHS ENDED JUNE 30,
------------------------------------------------------ ---------------------------------- -------------------------------
(MILLIONS) 2002 2001 2002 2001
------------------------------------------------------ ---------------- ----------------- --------------- ---------------

Unrealized holding gains (losses) arising during the
period (1) $ 0.8 $ 0.1 $(0.5) $0.9
Less: reclassification adjustments for losses and
other items included in net income (2) (0.5) 0.5 (0.6) 0.5
------------------------------------------------------ ---------------- ----------------- --------------- ---------------
Net unrealized gains (losses) on securities $ 1.3 $(0.4) $ 0.1 $0.4
====================================================== ================ ================= =============== ===============


(1) Pretax unrealized holding gains (losses) were $(0.8) million and $1.4
million for the six months ended June 30, 2002 and June 30, 2001,
respectively and were $1.1 million and $0.2 million for the three
months ended June 30, 2002 and 2001, respectively.

(2) Pretax reclassification adjustments for accretion of net investment
discounts and gains (losses) included in net income were $(1.0)
million and $0.8 million for the six months ended June 30, 2002 and
June 30, 2001, respectively and were $(0.9) million and $0.8 million
for the three months ended June 30, 2002 and 2001, respectively.

8


4. VALUE OF BUSINESS ACQUIRED

Value of business acquired ("VOBA") is an asset and represents the present
value of estimated net cash flows embedded in the Company's contracts
indirectly acquired by ING. VOBA is amortized in proportion to estimated
gross profits and is adjusted to reflect actual gross profits over the life
of the contracts (up to 30 years for annuity contracts and pension
contracts).

Activity for the six months ended June 30, 2002 and 2001 for VOBA was as
follows:



-------------------------------------------- ----------------- -----------------
(MILLIONS) 2002 2001
-------------------------------------------- ----------------- -----------------

Balance at January 1 $46.5 $58.7
Additions 0.1 0.6
Interest accrued at 7.0% 0.8 2.0
Amortization (5.9) (5.3)
-------------------------------------------- ----------------- -----------------
Balance at June 30 $41.5 $56.0
============================================ ================= =================


5. INCOME TAXES

The Company's effective tax rates for the six months ended June 30, 2002
and June 30, 2001 were 35.0% and 46.8%, respectively. This decrease
reflects the implementation of FAS 142 (refer to Note 2 which ceased the
amortization of goodwill, a nondeductible expense, and an increase in the
deduction allowed for dividends received).

9


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS

The following analysis presents a review of the Company for the three and six
month periods ended June 30, 2002 and 2001. This review should be read in
conjunction with the financial statements and other data presented herein as
well as in the "Management's Discussion and Analysis of Financial Condition and
Results of Operations" section of the Company's 2001 Annual Report on Form 10-K.

OVERVIEW

RECENT DEVELOPMENTS

In June 2001, the Financial Accounting Standards Board ("FASB") issued FAS No.
142, Accounting for Goodwill and Other Intangible Assets, effective for fiscal
years beginning after December 15, 2001. Under the new statement, goodwill and
intangible assets deemed to have indefinite lives will no longer be amortized
but will be subject to annual impairment tests in accordance with the new
statement. Other intangible assets will continue to be amortized over their
estimated useful lives.

The Company adopted the new statement effective January 1, 2002. Application of
the non-amortization provisions of the new statement resulted in an increase in
net income of $0.7 million and $1.3 million for the three and the six months
ended June 30, 2002, respectively. The Company performed the first of the
required impairment tests for goodwill as of January 1, 2002. The results
indicate an impairment of goodwill exists. The required steps for measuring the
amount of the impairment will be completed and the resulting impairment loss
will be recorded as a change in accounting principle prior to December 31, 2002.
The impairment loss recorded will be the difference between the carrying amount
and the estimated fair value of goodwill.

CRITICAL ACCOUNTING POLICIES

The preparation of financial statements in conformity with accounting principles
generally accepted in the United States requires the use of estimates and
assumptions in certain circumstances that affect amounts reported in the
accompanying condensed consolidated financial statements and related footnotes.
These estimates and assumptions are evaluated on an on-going basis based on
historical developments, market conditions, industry trends and other
information that is reasonable under the circumstances. There can be no
assurance that actual results will conform to our estimates and assumptions, and
that reported results of operations will not be materially adversely affected by
the need to make accounting adjustments to reflect changes in these estimates
and assumptions from time to time. Item 7 of the Company's Annual Report on Form
10-K discusses critical accounting policies that are most sensitive to estimates
and judgments and involve a higher degree of judgment and complexity.

10


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS (continued)

RESULTS OF OPERATIONS



THREE MONTHS ENDED JUNE 30, SIX MONTHS ENDED JUNE 30,
------------------------------------ -----------------------------------
(MILLIONS) 2002 2001 2002 2001
- -------------------------------------------------------- ----------------- ------------------ ----------------- -----------------

Contract and other charges assessed against $ 2.9 $ 3.7 $ 5.8 $ 7.6
policyholders
Net investment income 1.7 2.5 3.6 5.2
Net realized capital (losses) gains (0.9) 0.6 (1.0) 0.7
- -------------------------------------------------------- ----------------- ------------------ ----------------- -----------------
Total revenue 3.7 6.8 8.4 13.5
- -------------------------------------------------------- ----------------- ------------------ ----------------- -----------------
Interest credited and other future benefits to
policyholders 1.2 1.7 2.1 3.5
Operating expenses 1.3 0.9 2.0 1.7
Amortization of deferred policy acquisition costs and
value of business acquired 2.6 1.4 5.3 3.4
Amortization of goodwill -- 0.6 -- 1.2
- -------------------------------------------------------- ----------------- ------------------ ----------------- -----------------
Total benefits and expenses 5.1 4.6 9.4 9.8
- -------------------------------------------------------- ----------------- ------------------ ----------------- -----------------
(Loss) income before income taxes (1.4) 2.2 (1.0) 3.7
Income (benefits) taxes (0.5) 0.9 (0.4) 1.7
- -------------------------------------------------------- ----------------- ------------------ ----------------- -----------------
Net (loss) income $(0.9) $1.3 $ (0.6) $ 2.0
======================================================== ================= ================== ================= =================
Net realized capital (losses) gains, net of tax
(included above) $(0.6) $0.4 $ (0.7) $ 0.5
======================================================== ================= ================== ================= =================
Deposits not included above:
Annuities - fixed options $ 2.7 $2.1 $ 3.7 $ 4.6
Annuities - variable options 6.7 9.0 10.0 19.8
- -------------------------------------------------------- ----------------- ------------------ ----------------- -----------------
Total $ 9.4 $11.1 $ 13.7 $ 24.4
======================================================== ================= ================== ================= =================
Assets under management:
Annuities - fixed options (1) $151.9 $170.1
Annuities - variable options (2) 640.5 827.3
- -------------------------------------------------------- ----------------- ------------------ ----------------- -----------------
Total $792.4 $997.4
======================================================== ================= ================== ================= =================


(1) Excludes net unrealized capital gains of $4.2 million and $3.1 million at
June 30, 2002 and June 30, 2001, respectively.

(2) Includes $484.5 million and $625.6 million at June 30, 2002 and June 30,
2001, respectively, of assets invested through the Company's products in
unaffiliated mutual funds.

The Company's net income decreased $2.2 million for the three months ended June
30, 2002 compared to the same period in 2001. Excluding goodwill amortization
and net realized capital losses and gains, results for the three months ended
June 30, 2002 decreased $1.8 million compared to the same period in 2001. Net
income for the six months ended June 30, 2002 decreased by $2.6 million compared
to the same period in 2001. Excluding goodwill amortization and net realized
capital losses and gains, results for the six months ended June 30, 2002
decreased $2.6 million compared to the same period in 2001.

The decreases in net income for the three months and six months ended June 30,
2002 were due primarily to an increase in amortization of deferred acquisition
costs and value of business acquired, a decrease in contract and other charges
assessed against policyholders and an increase in operating expenses.

11


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS (continued)


Amortization of deferred policy acquisition costs and value of business acquired
increased $1.2 million and $1.9 million for the three and six months ended June
30, 2002, respectively, primarily due to a decline in variable assets and
revised estimates for future asset growth due to the decline in the stock
market.

Substantially all of the contract and other charges assessed against
policyholders reported by the Company are derived from assets under management.
For the quarter ended June 30, 2002, assets under management decreased $205.0
million, or 26%, compared to the same period in 2001 due to a decline in the
stock market and withdrawals in excess of deposits.

Annuity deposits relate to annuity contracts not containing life contingencies.
Deposits decreased by $1.7 million and $10.7 million for the three months and
six months ended June 30, 2002, respectively, compared to the same periods in
2001 primarily due to a decrease in group annuity sales.

The Company's effective tax rates for the six months ended June 30, 2002 and
June 30, 2001 were 35.0% and 46.8%, respectively. This decrease reflects the
implementation of FAS 142 (refer to Note 2 of the Notes to Condensed Financial
Statements) which ceased the amortization of goodwill, a nondeductible expense,
and an increase in the deduction allowed for dividends received.

GENERAL ACCOUNT INVESTMENTS

The Company's invested assets were comprised of the following:



(MILLIONS) JUNE 30, 2002 DECEMBER 31, 2001
- ------------------------------------------------------------------------ ----------------------

Debt securities, available for sale, at fair value (1) $118.5 $132.2
---------------- ----------------------
Total investments $118.5 $132.2
======================================================================== ======================


(1) Includes $4.5 million and $7.8 million of debt securities pledged to
creditors at June 30, 2002 and December 31, 2001, respectively.

DEBT SECURITIES

At June 30, 2002 and December 31, 2001, the Company's carrying value of
available for sale debt securities including debt securities pledged to
creditors (hereinafter referred to as "total debt securities") represented 100%
of the total general account invested assets. For the same periods, debt
securities equal to $109.2 million (92% of the total debt securities) and $120.1
million (91% of the total debt securities), respectively, supported
experience-rated contracts. Total debt securities reflected net unrealized
capital gains of $4.2 million at June 30, 2002 and December 31, 2001.

12


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS (continued)

It is management's objective that the portfolio of debt securities be of high
quality and be well diversified by market sector. The debt securities in the
Company's portfolio are generally rated by external rating agencies, and, if not
externally rated, are rated by the Company on a basis believed to be similar to
that used by the rating agencies. The average quality rating of the Company's
debt security portfolio was AA- at June 30, 2002 and December 31, 2001.

The percentage of total debt securities by quality rating category is as
follows:



JUNE 30, 2002 DECEMBER 31, 2001
- ---------------------------- --------------------------- ---------------------------

AAA 35.3% 36.0%
AA 4.9 5.9
A 39.2 35.1
BBB 19.9 23.0
BB 0.7 --
- ---------------------------- --------------------------- ---------------------------
Total 100.0% 100.0%
============================ =========================== ===========================


The percentage of total debt securities by market sector is as follows:



JUNE 30, 2002 DECEMBER 31, 2001
- ------------------------------------------------- --------------- ---------------------

U.S. Corporate 63.3% 65.1%
Residential Mortgage-Backed 10.2 11.7
U.S. Treasuries/Agencies 9.4 10.3
Commercial/Multifamily Mortgage-Backed 5.7 7.5
Foreign Securities - U.S. Dollar Denominated 5.7 -
Asset-Backed 5.7 5.4
- ------------------------------------------------- --------------- ---------------------
Total 100.0% 100.0%
================================================= =============== =====================



FORWARD-LOOKING INFORMATION/RISK FACTORS

The "Forward-Looking Information/Risk Factors" section of IICA's 2001 Annual
Report on Form 10-K contains discussions of important risk factors related to
the Company's businesses.

13


PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

The Company is not currently involved in any material litigation.

ITEM 5. OTHER INFORMATION

RATINGS

The Company's financial strength ratings at August 7, 2002 are as follows:



RATING AGENCIES
------------------------ --------------------- ---------------------- --------------------
Moody's Investors Standard & Poor's
A.M. Best Fitch Service
------------------------ --------------------- ---------------------- --------------------

A+ AA+ Aa2 AA+



ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(a) Exhibits

None

(b) Reports on Form 8-K

None


14


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

ING INSURANCE COMPANY OF AMERICA
--------------------------------
(Registrant)



August 9, 2002 By /s/ Chris Duane Schreier
- --------------- -----------------------------------
(Date) Chris Duane Schreier
Director and Chief Financial Officer
(Duly Authorized Officer and
Principal Financial Officer)


15