Cigna 2012 Annual Report Download - page 173

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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)
2012 2011 2010 2009 2008
Income before income taxes $ 2,477 $ 1,876 $ 1,802 $ 1,853 $ 329
Adjustments:
Income from equity investee (10) (15) (18) (19) (11)
Income attributable to redeemable noncontrolling interest (1) - - - -
Income attributable to other noncontrolling interest - (1) (4) (3) (2)
Income before income taxes, as adjusted $ 2,466 $ 1,860 $ 1,780 $ 1,831 $ 316
Fixed charges included in income:
Interest expense $ 268 $ 202 $ 182 $ 166 $ 146
Interest portion of rental expense 43 38 42 46 43
Interest credited to contractholders 45536
$ 315 $ 245 $ 229 $ 215 $ 195
Income available for fixed charges $ 2,781 $ 2,105 $ 2,009 $ 2,046 $ 511
RATIO OF EARNINGS TO FIXED CHARGES: 8.8 8.6 8.8 9.5 2.6
This Exhibit 12 has been updated from the Company’s 2011 Form 10-K to reflect changes resulting from the retrospective adoption of amended accounting guidance for deferred
policy acquisition costs, effective January 1, 2012. See Note 2 to the Consolidated Financial Statements within this Form 10-K for additional information.
E-4 CIGNA CORPORATION - 2012 Form 10-K