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CIGNA CORPORATION
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Exhibit
12
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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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(Dollars
in millions)
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Nine
Months Ended
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September
30,
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2008
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2007
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Income
from continuing operations before income taxes
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$ | 718 | $ | 1,243 | ||||
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Adjustments:
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Income
from equity investee
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(8 | ) | (2 | ) | ||||
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Income
from continuing operations before income taxes, as
adjusted
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$ | 710 | $ | 1,241 | ||||
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Fixed
charges included in income:
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Interest
expense
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$ | 106 | $ | 91 | ||||
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Interest
portion of rental expense
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33 | 25 | ||||||
| 139 | 116 | |||||||
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Interest
credited to contractholders
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4 | 5 | ||||||
| $ | 143 | $ | 121 | |||||
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Income
available for fixed charges (including interest
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credited
to contractholders)
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$ | 853 | $ | 1,362 | ||||
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Income
available for fixed charges (excluding interest
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credited
to contractholders)
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$ | 849 | $ | 1,357 | ||||
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RATIO
OF EARNINGS TO FIXED CHARGES:
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Including
interest credited to contractholders
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6.0 | 11.3 | ||||||
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SUPPLEMENTAL
RATIO:
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Excluding
interest credited to contractholders
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6.1 | 11.7 | ||||||