EX-12 3 c88240exv12.htm EXHIBIT 12 Exhibit 12
Exhibit 12
CIGNA CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
                 
    Six Months Ended  
    June 30,  
    2009     2008  
 
Income from continuing operations before income taxes
   $ 903     $ 487  
 
                
Adjustments:
                
Income from equity investee
     (7 )     (4 )
Income attributable to noncontrolling interest
     (1 )     (1 )
 
            
 
                
Income before income taxes, as adjusted
   $ 895     $ 482  
 
            
 
                
Fixed charges included in income:
                
 
                
Interest expense
   $ 79     $ 68  
Interest portion of rental expense
     23       21  
 
            
 
                
 
     102       89  
 
                
Interest credited to contractholders
     1       4  
 
            
 
                
 
   $ 103     $ 93  
 
            
 
                
Income available for fixed charges (including interest credited to contractholders)
   $ 998     $ 575  
 
            
 
                
Income available for fixed charges (excluding interest credited to contractholders)
   $ 997     $ 571  
 
            
 
                
RATIO OF EARNINGS TO FIXED CHARGES:
                
 
                
Including interest credited to contractholders
     9.7       6.2  
 
            
 
                
SUPPLEMENTAL RATIO:
                
 
                
Excluding interest credited to contractholders
     9.8       6.4