EX-12 4 ex12.htm EXHIBIT 12 Unassociated Document
CIGNA CORPORATION
    
EXHIBIT 12
  
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
  
(Dollars in millions)
  
   
Six Months Ended
  
   
June 30,
  
   
2006
  
2005
  
           
Income before income taxes
  
$
936
  
$
1,102
  
               
Adjustments:
              
Loss from equity investee
    
-
   
(1
)
               
Income before income taxes, as adjusted
  
$
936
  
$
1,101
  
               
Fixed charges included in income:
              
               
Interest expense
  
$
49
  
$
53
  
Interest portion of rental expense
    
17
   
18
 
               
     
66
   
71
 
               
Interest credited to contractholders
    
-
   
1
 
               
   
$
66
  
$
72
  
               
Income available for fixed charges (including interest
              
credited to contractholders)
  
$
1,002
  
$
1,173
  
               
Income available for fixed charges (excluding interest
              
credited to contractholders)
  
$
1,002
  
$
1,172
  
               
RATIO OF EARNINGS TO FIXED CHARGES:
              
               
Including interest credited to contractholders
   
15.2
   
16.3
 
               
SUPPLEMENTAL RATIO:
              
               
Excluding interest credited to contractholders
   
15.2
   
16.5