Exhibit



Exhibit 12
Consolidated Ratio of Earnings to Fixed Charges Ameriprise Financial, Inc.
	Years Ended December 31,
	2016		2015			2014			2013			2012 Revised
	(dollars in millions)
Earnings:
Pretax income attributable to Ameriprise Financial, Inc.	$	1,592	$	2,017		$	2,165		$	1,829		$	1,360
Interest and debt expense ⁽¹⁾	243		390			330			283			279
Interest portion of rental expense	23		23			30			29			30
Amortization of capitalized interest	4		4			5			5			6
Undistributed (gain) loss from equity investees	49		14			10			(1		)	16
Minority interest in pretax losses	—		(97		)	(103		)	—			(128		)
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)	1,911		2,573			2,921			2,286			1,563
Banking and deposit interest expense and interest credited to fixed accounts	664		697			742			838			875
Total earnings (c)	$	2,575	$	3,270		$	3,663		$	3,124		$	2,438

Fixed charges:
Interest and debt expense ⁽¹⁾	$	243	$	390		$	330		$	283		$	279
Estimated amount of interest in rental expense	23		23			30			29			30
Capitalized interest	3		3			2			2			7
Total fixed charges before banking and deposit interest and interest credited to fixed accounts (b)	269		416			362			314			316
Banking and deposit interest expense and interest credited to fixed accounts	664		697			742			838			875
Total fixed charges (d)	$	933	$	1,113		$	1,104		$	1,152		$	1,191

Ratio of earnings to fixed charges before banking and deposit interest expense and interest credited to fixed accounts (a/b)	7.1		6.2			8.1			7.3			4.9
Ratio of earnings to fixed charges (c/d)	2.8		2.9			3.3			2.7			2.0
⁽¹⁾Interest on non-recourse debt of consolidated investment entities is included in interest and debt expense provided in the table above.