<TABLE>
<CAPTION>

                                                                      Exhibit 12

                     GE GLOBAL INSURANCE HOLDING CORPORATION
                          AND CONSOLIDATED SUBSIDIARIES

                Computation of Ratio of Earnings to Fixed Charges


                                                         Year ended December 31,
                                             --------------------------------------------------------
(In millions)                                   2002          2001        2000        1999     1998
                                             --------------------------------------------------------
<S>                                              <C>        <C>      <C>      <C>      <C>

Earnings:
   Earnings (loss) before income taxes
      and cumulative effect of change in
      accounting principle                   $(2,755)        $(466)       $605     $  988    $1,070

   Fixed charges:
      Minority interest in net earnings of
         consolidated subsidiaries (1)            89            89          88         88        85
     Interest expense (2)                        130           136         136        112        61
                                             -------         -----        ----     ------    ------
                                             $(2,536)        $(241)       $829     $1,188    $1,216
                                             =======         =====        ====     ======    ======

Fixed charges:
   Minority interest in net earnings of
      consolidated subsidiaries (3)             $137          $137        $ 92       $121      $117
   Interest expense (2)                          130           136         136        112        61
                                                ----          ----        ----       ----      ----
                                                $267          $273        $228       $233      $178
                                                ====          ====        ====       ====      ====

Ratio of earnings to fixed charges        See (4) below   See (4) below   3.64       5.10      6.83
                                          =============   =============   ====       ====      ====
</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, 2002 and 2001 were  inadequate to
     cover fixed charges by $2,803 million and $514 million, respectively.


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