<TABLE>
<CAPTION>

                                                                                Exhibit 12

                     GE GLOBAL INSURANCE HOLDING CORPORATION
                                AND SUBSIDIARIES

                Computation of Ratio of Earnings to Fixed Charges


                                                         Year ended December 31,
                                               --------------------------------------------
(In millions)                                   2001       2000     1999     1998     1997
                                               --------------------------------------------
<S>                                              <C>        <C>      <C>      <C>      <C>

Earnings:
   Earnings (loss) before income taxes
      and cumulative effect of change in
      accounting principle                     $(466)       605   $  988   $1,070   $  882

   Fixed charges:
      Minority interest in net earnings of
         consolidated subsidiaries (1)            89         88       88       85       83
     Interest expense (2)                        136        136      112       61       47
                                               -----       ----   ------   ------   ------
                                               $(241)      $829   $1,188   $1,216   $1,012
                                               =====       ====   ======   ======   ======

Fixed charges:
   Minority interest in net earnings of
      consolidated subsidiaries (3)             $137       $ 92     $121     $117     $113
   Interest expense (2)                          136        136      112       61       47
                                                ----       ----     ----     ----     ----
                                                $273       $228     $233     $178     $160
                                                ====       ====     ====     ====     ====

Ratio of earnings to fixed charges        See (4) below    3.64     5.10     6.83     6.33
                                          =============    ====     ====     ====     ====
</TABLE>

(1)  Minority  interest in net earnings of  consolidated  subsidiaries  includes
     earnings from purchased affiliates and dividends on subsidiary's  preferred
     stock.

(2)  Interest  expense  includes an amount for  one-third  of the annual  rental
     expense, which the Company  believes is a reasonable  approximation  of the
     interest factor for such rentals.

(3)  The  fixed  charges  amounts  for  minority  interest  in net  earnings  of
     consolidated subsidiaries represent the pretax earnings amounts which would
     be required to cover such fixed charges as calculated below:

                      Earnings From Purchased Affiliates or
                Subsidiary's Preferred Stock Dividend Requirement
                -------------------------------------------------
                             100% - Income Tax Rate

     The  income  tax rate is based on the  relationship  of the  provision  for
     income taxes to earnings before income taxes for the respective period.

(4)  Earnings  for the  year  ended  December 31, 2001  were inadequate to cover
     fixed charges by $514 million.


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