Exhibit



Exhibit 12
Consolidated Ratio of Earnings to Fixed Charges Ameriprise Financial, Inc.
	Years Ended December 31,
	2017		2016		2015			2014			2013
	(dollars in millions)
Earnings:
Pretax income attributable to Ameriprise Financial, Inc.	$	2,214	$	1,592	$	2,017		$	2,165		$	1,829
Interest and debt expense ⁽¹⁾	209		243		390			330			283
Interest portion of rental expense	25		23		23			30			29
Amortization of capitalized interest	3		4		4			5			5
Undistributed (gain) loss from equity investees	92		49		14			10			(1		)
Minority interest in pretax losses	—		—		(97		)	(103		)	—
Minority interest in pretax income of subsidiaries that have incurred fixed charges	—		—		222			484			141
Total earnings before banking and deposit interest expense and interest credited to fixed accounts (a)	2,543		1,911		2,573			2,921			2,286
Banking and deposit interest expense and interest credited to fixed accounts	704		664		697			742			838
Total earnings (c)	$	3,247	$	2,575	$	3,270		$	3,663		$	3,124

Fixed charges:
Interest and debt expense ⁽¹⁾	$	209	$	243	$	390		$	330		$	283
Estimated amount of interest in rental expense	25		23		23			30			29
Capitalized interest	3		3		3			2			2
Total fixed charges before banking and deposit interest and interest credited to fixed accounts (b)	237		269		416			362			314
Banking and deposit interest expense and interest credited to fixed accounts	704		664		697			742			838
Total fixed charges (d)	$	941	$	933	$	1,113		$	1,104		$	1,152

Ratio of earnings to fixed charges before banking and deposit interest expense and interest credited to fixed accounts (a/b)	10.7		7.1		6.2			8.1			7.3
Ratio of earnings to fixed charges (c/d)	3.5		2.8		2.9			3.3			2.7
⁽¹⁾Interest on non-recourse debt of consolidated investment entities is included in interest and debt expense provided in the table above.