EX-12 2 ex12.htm EXHIBIT 12 Exhibit 12
CIGNA CORPORATION
        
EXHIBIT 12
  
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
          
(Dollars in millions)
          
   
Six Months Ended  
  
   
June 30,  
  
   
2005
  
2004
  
           
Income from continuing operations before income taxes
  
$
1,102
  
$
1,071
  
               
Adjustments:
              
     Loss from equity investee
    
(1)
 
  
--
 
               
Income from continuing operations before income taxes, as adjusted
  
$
1,101
  
$
1,071
  
               
Fixed charges included in income:
              
               
     Interest expense
  
$
53
  
$
55
  
     Interest portion of rental expense
    
18
   
24
 
               
     
71
   
79
 
               
     Interest credited to contractholders
    
1
   
418
 
               
   
$
72
  
$
497
  
               
Income available for fixed charges (including interest
              
     credited to contractholders)
  
$
1,173
  
$
1,568
  
               
Income available for fixed charges (excluding interest
              
     credited to contractholders)
  
$
1,172
  
$
1,150
  
               
RATIO OF EARNINGS TO FIXED CHARGES:
              
               
     Including interest credited to contractholders
   
16.3
   
3.2
 
               
SUPPLEMENTAL RATIO:
              
               
     Excluding interest credited to contractholders
   
16.5
   
14.6