Exhibit 12

CIGNA CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)

	Nine Months Ended September 30,
	2004		2003
Income from continuing operations before income taxes	$	1,617	$	486
Adjustments:
Loss from equity investee		-		4
Income from continuing operations before income taxes, as adjusted	$	1,617	$	490
Fixed charges included in income:
Interest expense	$	81	$	83
Interest portion of rental expense		34		41
		115		124
Interest credited to contractholders		440		729
	$	555	$	853
Income available for fixed charges (including interest
credited to contractholders)	$	2,172	$	1,343
Income available for fixed charges (excluding interest
credited to contractholders)	$	1,732	$	614
RATIO OF EARNINGS TO FIXED CHARGES:
Including interest credited to contractholders		3.9		1.6
SUPPLEMENTAL RATIO:
Excluding interest credited to contractholders		15.1		5.0