Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - VOYA INSURANCE & ANNUITY Co | a10-21145_110q.htm |
| EX-31.1 - EX-31.1 - VOYA INSURANCE & ANNUITY Co | a10-21145_1ex31d1.htm |
| EX-31.2 - EX-31.2 - VOYA INSURANCE & ANNUITY Co | a10-21145_1ex31d2.htm |
| EX-32.1 - EX-32.1 - VOYA INSURANCE & ANNUITY Co | a10-21145_1ex32d1.htm |
| EX-32.2 - EX-32.2 - VOYA INSURANCE & ANNUITY Co | a10-21145_1ex32d2.htm |
Exhibit 12
ING USA ANNUITY AND LIFE INSURANCE COMPANY
COMPUTATION OF EARNINGS TO FIXED CHARGES RATIO
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Nine Months |
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Ended |
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September 30, |
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2010 |
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2009 |
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2008 |
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2007 |
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2006 |
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2005 |
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Earnings: |
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1. |
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Income (loss) before income taxes and cumulative effect of changes in accounting principles |
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$ |
29.8 |
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$ |
(133.3) |
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$ |
(1,626.4) |
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$ |
127.4 |
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$ |
276.6 |
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$ |
224.1 |
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Fixed Charges: |
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2. |
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Interest expense |
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24.0 |
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32.9 |
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30.5 |
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32.5 |
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30.3 |
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29.6 |
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3. |
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Interest factor on rental expense |
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2.9 |
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5.1 |
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5.1 |
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5.5 |
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6.5 |
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8.0 |
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4. |
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Interest credited to contractowners |
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605.3 |
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875.2 |
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1,024.1 |
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1,067.0 |
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980.8 |
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946.5 |
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5. |
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Net (undistributed) distributed income from equity investees |
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(5.9) |
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20.2 |
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90.9 |
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(11.7) |
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(1.7) |
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(1.6) |
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6. |
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Total fixed charges |
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626.3 |
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933.4 |
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1,150.6 |
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1,093.3 |
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1,015.9 |
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982.5 |
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7. |
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Total fixed charges excluding interest credited to contractowners (6 - 4) |
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21.0 |
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58.2 |
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126.5 |
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26.3 |
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35.1 |
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36.0 |
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8. |
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Earnings and fixed charges (1 + 6) |
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656.1 |
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800.1 |
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(475.8) |
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1,220.7 |
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1,292.5 |
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1,206.6 |
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9. |
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Earnings and fixed charges, excluding interest credited to contractowners (1 + 7) |
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50.8 |
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(75.1) |
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(1,499.9) |
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153.7 |
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311.7 |
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260.1 |
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Ratios: |
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10. |
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Earnings and fixed charges, to total fixed charges (8 / 6) |
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1.0 |
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0.9 |
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(0.4) |
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1.1 |
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1.3 |
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1.2 |
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11. |
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Earnings and fixed charges, excluding interest credited to contractowners to total fixed charges (9 / 7) |
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2.4 |
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(1.3) |
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(11.9) |
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5.8 |
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8.9 |
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7.2 |
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12. |
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Deficiency of earnings to fixed charges (6 - 8)* |
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$ |
- |
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$ |
133.3 |
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$ |
1,626.4 |
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$ |
- |
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$ |
- |
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$ |
- |
*Represents additional earnings that would be necessary to result in a one to one ratio of earnings to fixed charges.