EX-12 11 ex12.htm EXHIBIT 12 Unassociated Document
Exhibit 12


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

Year Ended December 31,
  
2007
  
2006
  
2005
  
2004
  
2003
                     
Income from continuing operations before income taxes
$
1,631
$
1,731
$
1,793
$
2,375
$
848
                     
Adjustments:
                    
Loss (income) from equity investee
  
(5)
  
1
  
1
  
1
  
4
                     
Income before income taxes, as adjusted
$
1,626
$
1,732
$
1,794
$
2,376
$
852
                     
Fixed charges included in income:
                    
                     
Interest expense
$
122
$
104
$
105
$
107
$
111
Interest portion of rental expense
  
34
  
34
  
36
  
43
  
54
                     
   
156
  
138
  
141
  
150
  
165
                     
Interest credited to contractholders
  
7
  
-
  
1
  
446
  
877
                     
 
$
163
$
138
$
142
$
596
$
1,042
                     
Income available for fixed charges (including interest
                    
credited to contractholders)
$
1,789
$
1,870
$
1,936
$
2,972
$
1,894
                     
Income available for fixed charges (excluding interest
                    
credited to contractholders)
$
1,782
$
1,870
$
1,935
$
2,526
$
1,017
                     
RATIO OF EARNINGS TO FIXED CHARGES:
                    
                     
Including interest credited to contractholders
  
11.0
  
13.6
  
13.6
  
5.0
  
1.8
                     
SUPPLEMENTAL RATIO:
                    
                     
Excluding interest credited to contractholders
  
11.4
  
13.6
  
13.7
  
16.8
  
6.2