Exhibit 12

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

	Three Months Ended March 31,
	2003		2002
Income from continuing operations before income taxes	$	282	$	331
Adjustments:
Loss from equity investee		1		1
Income from continuing operations before income taxes, as adjusted	$	283	$	332
Fixed charges included in income:
Interest expense	$	28	$	30
Interest portion of rental expense		13		16
		41		46
Interest credited to contractholders		256		264
	$	297	$	310
Income available for fixed charges (including interest
credited to contractholders)	$	580	$	642
Income available for fixed charges (excluding interest
credited to contractholders)	$	324	$	378
RATIO OF EARNINGS TO FIXED CHARGES:
Including interest credited to contractholders		2.0		2.1
SUPPLEMENTAL RATIO:
Excluding interest credited to contractholders		7.9		8.2