Exhibit 12



                    GE GLOBAL INSURANCE HOLDING CORPORATION
                         AND CONSOLIDATED SUBSIDIARIES



                Computation of Ratio of Earnings to Fixed Charges

<TABLE>
<CAPTION>

                             Year ended December 31,
                                                       ---------------------------------------------------------------------
                                                       ------------- ------------- ------------- ------------- -------------
(In millions)                                              2003          2002          2001          2000          1999
                                                       ------------- ------------- ------------- ------------- -------------
                                                       ------------- ------------- ------------- ------------- -------------
<S>                                                      <C>           <C>          <C>            <C>           <C>

Earnings:
   Earnings (loss) before income taxes and
     cumulative effect of change in accounting
     principle                                           $     555     $  (2,755)    $    (466)    $     605     $     988
   Fixed charges:
     Minority interest in net earnings of
       consolidated subsidiaries (1)                            90            89            89            88            88
                                                                90
     Interest expense (2)                                      130           130           136           136            112
                                                       ------------- ------------- ------------- ------------- -------------
                                                       ------------- ------------- ------------- ------------- -------------
                                                         $     775     $  (2,536)     $   (241)     $    829     $   1,188
                                                       ============= ============= ============= ============= =============
                                                       ============= ============= ============= ============= =============

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

                                                       ============= ============= ============= ============= =============
                                                       ============= ============= ============= ============= =============

                                                                          See (4)       See (4)
Ratio of earnings to fixed charges                           2.90           below         below         3.64          5.10
                                                       ============= ============= ============= ============= =============
</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 we believe 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 years ended December 31, 2002 and 2001 were  inadequate to
     cover fixed charges by $2,803 million and $514 million, respectively.

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