EX-12 4 cigex12.htm CIGNA CORPORATION EXHIBIT 12
CIGNA CORPORATION EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)


Six Months Ended
June 30,
2001 2000
 
Income before income taxes     $ 805   $ 666  
 
Adjustments:  
Income from equity investee    (29 )  -  
Minority interest    -    23  
 
Income before income taxes, as adjusted   $ 776   $ 689  
 
Fixed charges included in income:  
 
Interest expense   $ 59   $ 53  
Interest portion of rental expense    25    22  
 
     84    75  
 
Interest credited to contractholders    532    496  
 
    $ 616   $ 571  
 
Income available for fixed charges (excluding interest  
  credited to contractholders)   $ 860   $ 764  
 
Income available for fixed charges (including interest  
  credited to contractholders)   $ 1,392   $ 1,260  
 
RATIO OF EARNINGS TO FIXED CHARGES:  
 
    Excluding interest credited to contractholders    10.2    10.2  
 
    Including interest credited to contractholders    2.3    2.2