EX-12 3 exhibit12.htm CIGNA CORPORATION EXHIBIT 12 CIGNA Corporation Exhibit 12
EXHIBIT 12
CIGNA CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
              
(Dollars in millions)
              
   
Three Months Ended
  
   
March 31,
  
   
2005
      
2004
  
               
Income before income taxes and before cumulative effect of accounting change
 
$
665
        
$
312
  
                     
Fixed charges included in income:
                    
                     
Interest expense
  
$
26
        
$
27
  
Interest portion of rental expense
    
9
         
12
 
                     
     
35
         
39
 
                     
Interest credited to contractholders
    
1
         
213
 
                     
   
$
36
        
$
252
  
                     
Income available for fixed charges (including interest
                    
credited to contractholders)
  
$
701
        
$
564
  
                     
Income available for fixed charges (excluding interest
                    
credited to contractholders)
  
$
700
        
$
351
  
                     
RATIO OF EARNINGS TO FIXED CHARGES:
                    
                     
Including interest credited to contractholders
   
19.5
         
2.2
 
                     
SUPPLEMENTAL RATIO:
                    
                     
Excluding interest credited to contractholders
   
20.0
         
9.0