EXHIBIT 12

CIGNA CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)

	Three Months Ended March 31,
	2002		2001
Income before income taxes	$	331	$	420
Adjustments:
Loss (income) from equity investee		1		(17	)
Income before income taxes, as adjusted	$	332	$	403
Fixed charges included in income:
Interest expense	$	30	$	29
Interest portion of rental expense		16		11
		46		40
Interest credited to contractholders		264		260
	$	310	$	300
Income available for fixed charges (including interest
credited to contractholders)	$	642	$	703
Income available for fixed charges (excluding interest
credited to contractholders)	$	378	$	443
RATIO OF EARNINGS TO FIXED CHARGES:
Including interest credited to contractholders		2.1		2.3
SUPPLEMENTAL RATIO:
Excluding interest credited to contractholders		8.2		11.1