EXHIBIT 12 HARTFORD LIFE INSURANCE COMPANY COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS FOR THE YEARS ENDED DECEMBER 31, ------------------------------------------------------------ (IN MILLIONS) (UNAUDITED) 2005 2004 2003 2002 2001 - ----------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------------------------- EARNINGS $1,116 $1,012 $794 $428 $696 ADD: FIXED CHARGES Interest expense - - - - - Interest factor attributable to rentals 5 6 6 7 6 - ----------------------------------------------------------------------------------------------------------------------------- TOTAL FIXED CHARGES 5 6 6 7 6 Interest credited to contractholders 1,679 1,658 1,055 974 939 - ----------------------------------------------------------------------------------------------------------------------------- TOTAL FIXED CHARGES INCLUDING INTEREST CREDITED TO CONTRACTHOLDERS 1,684 1,664 1,061 981 945 - ----------------------------------------------------------------------------------------------------------------------------- EARNINGS, AS DEFINED 1,121 1,018 800 435 702 - ----------------------------------------------------------------------------------------------------------------------------- EARNINGS, AS DEFINED, INCLUDING INTEREST CREDITED TO 2,800 2,676 1,855 1,409 1,641 CONTRACTHOLDERS - ----------------------------------------------------------------------------------------------------------------------------- FIXED CHARGES Fixed charges above 5 6 6 7 6 Dividends on subsidiary preferred stock - - - - - - ----------------------------------------------------------------------------------------------------------------------------- TOTAL FIXED CHARGES AND PREFERRED DIVIDEND REQUIREMENTS 5 6 6 7 6 - ----------------------------------------------------------------------------------------------------------------------------- TOTAL FIXED CHARGES, INTEREST CREDITED TO CONTRACTHOLDERS AND PREFERRED DIVIDEND REQUIREMENTS 1,684 1,664 1,061 981 945 - ----------------------------------------------------------------------------------------------------------------------------- RATIOS Earnings, as defined, to total fixed charges 224.2 169.7 133.3 62.1 117.0 - ----------------------------------------------------------------------------------------------------------------------------- Earnings, as defined, to total fixed charges and preferred dividend requirements 224.2 169.7 133.3 62.1 117.0 - ----------------------------------------------------------------------------------------------------------------------------- Earnings, as defined, including interest credited to contractholders, to total fixed charges including interest credited to contractholders 1.7 1.6 1.7 1.4 1.7 - ----------------------------------------------------------------------------------------------------------------------------- Earnings, as defined, including interest credited to contractholders, to total fixed charges including interest credited to contractholders and preferred dividend requirements 1.7 1.6 1.7 1.4 1.7 - -----------------------------------------------------------------------------------------------------------------------------