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PART IV
ITEM 15. Exhibits and Financial Statement Schedules
EXHIBIT 12 Cigna Corporation – Computation of Ratio of Earnings to Fixed Charges
Year Ended December 31,
(Dollars in millions)
2013 2012 2011 2010 2009
Income before income taxes $ 2,176 $ 2,477 $ 1,876 $ 1,802 $ 1,853
Adjustments:
Income from equity investee (17) (10) (15) (18) (19)
Income attributable to noncontrolling interests (3) (1) (1) (4) (3)
Income before income taxes, as adjusted $ 2,156 $ 2,466 $ 1,860 $ 1,780 $ 1,831
Fixed charges included in income:
Interest expense $ 270 $ 268 $ 202 $ 182 $ 166
Interest portion of rental expense 38 43 38 42 46
Interest credited to contractholders 54553
$ 313 $ 315 $ 245 $ 229 $ 215
Income available for fixed charges $ 2,469 $ 2,781 $ 2,105 $ 2,009 $ 2,046
RATIO OF EARNINGS TO FIXED CHARGES: 7.9 8.8 8.6 8.8 9.5
E-4 CIGNA CORPORATION - 2013 Form 10-K