Exhibit 12

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

	Year ended December 31,
	2003		2002			2001			2000		1999
Income (loss) from continuing operations
before income taxes (benefits)	$	903	$	(569	)	$	1,469		$	1,487	$	1,224
Adjustments:
Loss (income) from equity investees		4		4			(79	)		-		-
Minority interest		-		-			-			53		31
Income (loss) from continuing operations
before income taxes (benefits), as
adjusted	$	907	$	(565	)	$	1,390		$	1,540	$	1,255
Fixed charges included in income:
Interest expense	$	111	$	121		$	118		$	104	$	116
Interest portion of rental expense		54		52			50			43		50
		165		173			168			147		166
Interest credited to contractholders		877		1,036			1,071			1,017		975
	$	1,042	$	1,209		$	1,239		$	1,164	$	1,141
Income available for fixed charges
(including interest credited to
contractholders)	$	1,949	$	644		$	2,629		$	2,704	$	2,396
Income available for fixed charges
(excluding interest credited to
contractholders) (1)	$	1,072	$	-		$	1,558		$	1,687	$	1,421
RATIO OF EARNINGS TO FIXED CHARGES:
Including interest credited to
contractholders(1)		1.9		-			2.1			2.3		2.1
SUPPLEMENTAL RATIO:
Excluding interest credited to
contractholders(1)		6.5		-			9.3			11.5		8.6

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(1) Due to the loss in 2002, the ratio coverage was less than 1:1. CIGNA must generate additional earnings of $565 million to achieve a coverage of 1:1.