Exhibit 12
Consolidated Ratio of Earnings to Fixed Charges Ameriprise Financial, Inc.
	Years Ended December 31,
	2014			2013			2012			2011			2010
	(dollars in millions)
Earnings:
Pretax income attributable to Ameriprise Financial, Inc.	$	2,165		$	1,829		$	1,366		$	1,553		$	1,306
Interest and debt expense (1)	330			283			279			320			300
Interest portion of rental expense	30			29			30			32			34
Amortization of capitalized interest	5			5			6			4			4
Undistributed (gain) loss from equity investees	10			(1		)	16			41			15
Minority interest in pretax losses	(103		)	—			(128		)	(129		)	—
Minority interest in pretax income of subsidiaries that have incurred fixed charges	484			141			—			23			163
Total earnings before banking and deposit interest expense and interest credited to fixed accounts (a)	2,921			2,286			1,569			1,844			1,822
Banking and deposit interest expense and interest credited to fixed accounts	742			838			875			904			986
Total earnings (c)	$	3,663		$	3,124		$	2,444		$	2,748		$	2,808
Fixed charges:
Interest and debt expense (1)	$	330		$	283		$	279		$	320		$	300
Estimated amount of interest in rental expense	30			29			30			32			34
Capitalized interest	2			2			7			5			3
Total fixed charges before banking and deposit interest and interest credited to fixed accounts (b)	362			314			316			357			337
Banking and deposit interest expense and interest credited to fixed accounts	742			838			875			904			986
Total fixed charges (d)	$	1,104		$	1,152		$	1,191		$	1,261		$	1,323
Ratio of earnings to fixed charges before banking and deposit interest expense and interest credited to fixed accounts (a/b)	8.1			7.3			5.0			5.2			5.4
Ratio of earnings to fixed charges (c/d)	3.3			2.7			2.1			2.2			2.1
(1) Interest on non-recourse debt of consolidated investment entities is included in interest and debt expense provided in the table above.

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