EX-12 2 c84394exv12.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,  
    2009     2008  
 
                
Income from continuing operations before income taxes
   $ 273     $ 74  
 
                
Adjustments:
                
Income from equity investee
     (3 )     (3 )
Income attributable to noncontrolling interest
     (1 )     (1 )
 
            
 
                
Income before income taxes, as adjusted
   $ 269     $ 70  
 
            
 
                
Fixed charges included in income:
                
 
                
Interest expense
   $ 38     $ 31  
Interest portion of rental expense
     12       10  
 
            
 
                
 
     50       41  
 
                
Interest credited to contractholders
     1       2  
 
            
 
                
 
   $ 51     $ 43  
 
            
 
                
Income available for fixed charges (including interest credited to contractholders)
   $ 320     $ 113  
 
            
 
                
Income available for fixed charges (excluding interest credited to contractholders)
   $ 319     $ 111  
 
            
 
                
RATIO OF EARNINGS TO FIXED CHARGES:
                
 
                
Including interest credited to contractholders
     6.3       2.6  
 
            
 
                
SUPPLEMENTAL RATIO:
                
 
                
Excluding interest credited to contractholders
     6.4       2.7