EX-12 2 ex12.htm EXHIBIT 12 Exhibit 12
 

CIGNA CORPORATION
      
EXHIBIT 12  
  
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
              
(Dollars in millions)
              
   
Nine Months Ended    
  
   
September 30,    
  
   
2005
      
2004
  
               
Income from continuing operations before income taxes
  
$
1,485
        
$
1,566
  
                     
Adjustments:
                    
    Loss from equity investee
    
(1
)
        
-
 
                     
Income from continuing operations before income taxes, as adjusted
  
$
1,484
        
$
1,566
  
                     
Fixed charges included in income:
                    
                     
    Interest expense
  
$
79
        
$
81
  
    Interest portion of rental expense
    
27
         
34
 
                     
     
106
         
115
 
                     
    Interest credited to contractholders
    
1
         
440
 
                     
   
$
107
        
$
555
  
                     
Income available for fixed charges (including interest
                    
    credited to contractholders)
  
$
1,591
        
$
2,121
  
                     
Income available for fixed charges (excluding interest
                    
    credited to contractholders)
  
$
1,590
        
$
1,681
  
                     
RATIO OF EARNINGS TO FIXED CHARGES:
                    
                     
          Including interest credited to contractholders
   
14.9
         
3.8
 
                     
SUPPLEMENTAL RATIO:
                    
                     
           Excluding interest credited to contractholders
   
15.0
         
14.6