EX-12 2 a14-17850_1ex12.htm EX-12

Exhibit 12

 

Cigna Corporation

Computation of Ratio of Earnings to Fixed Charges

 

 

 

 

Six Months Ended

 

 

 

June 30,

 

 

 

 

 

 

 

 

(Dollars in millions)

 

2014

 

 

2013

 

Income before income taxes

 

$

1,754

 

 

$

841

 

Adjustments:

 

 

 

 

 

 

Income from equity investee

 

(13)

 

 

(10)

 

Income attributable to noncontrolling interests

 

(1)

 

 

(3)

 

Income before income taxes, as adjusted

 

$

1,740

 

 

$

828

 

Fixed charges included in income:

 

 

 

 

 

 

Interest expense

 

$

132

 

 

$

135

 

Interest portion of rental expense

 

21

 

 

20

 

Interest credited to contractholders

 

3

 

 

1

 

 

 

$

156

 

 

$

156

 

Income available for fixed charges

 

$

1,896

 

 

$

984

 

RATIO OF EARNINGS TO FIXED CHARGES:

 

12.2

 

 

6.3