EX-12 4 c91729exv12.htm EXHIBIT 12 Exhibit 12
Exhibit 12
CIGNA CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
                 
    Nine Months Ended  
    September 30,  
    2009     2008  
 
                
Income from continuing operations before income taxes
   $ 1,390     $ 720  
 
                
Adjustments:
                
Income from equity investee
     (11 )     (8 )
Income attributable to noncontrolling interest
     (2 )     (2 )
 
            
 
                
Income before income taxes, as adjusted
   $ 1,377     $ 710  
 
            
 
                
Fixed charges included in income:
                
 
                
Interest expense
   $ 122     $ 106  
Interest portion of rental expense
     36       33  
 
            
 
                
 
     158       139  
 
                
Interest credited to contractholders
     2       4  
 
            
 
                
 
   $ 160     $ 143  
 
            
 
                
Income available for fixed charges (including interest credited to contractholders)
   $ 1,537     $ 853  
 
            
 
                
Income available for fixed charges (excluding interest credited to contractholders)
   $ 1,535     $ 849  
 
            
 
                
RATIO OF EARNINGS TO FIXED CHARGES:
                
 
                
Including interest credited to contractholders
     9.6       6.0  
 
            
 
                
SUPPLEMENTAL RATIO:
                
 
                
Excluding interest credited to contractholders
     9.7       6.1