EX-12 5 ex12.htm EXHIBIT 12 Exhibit 12

EXHIBIT 12  CIGNA Corporation Computation of Ratio of Earnings to Fixed Charges

(Dollars in millions)

Three Months Ended

March 31,

2011

2010

Income before income taxes

$

600

$

422

Adjustments:

Income from equity investee

(6)

(5)

Income attributable to noncontrolling interest

(1)

(1)

INCOME BEFORE INCOME TAXES, AS ADJUSTED

$

593

$

416

Fixed charges included in income:

Interest expense

$

44

$

43

Interest portion of rental expense

11

11

55

54

Interest credited to contractholders

1

1

$

56

$

55

INCOME AVAILABLE FOR FIXED CHARGES (INCLUDING INTEREST CREDITED TO CONTRACTHOLDERS)

$

649

$

471

INCOME AVAILABLE FOR FIXED CHARGES (EXCLUDING INTEREST CREDITED TO CONTRACTHOLDERS)

$

648

$

470

Ratio of earnings to fixed charges:

Including interest credited to contractholders

11.6

8.6

Supplemental ratio:

Excluding interest credited to contractholders

11.8

8.7