Exhibit



Exhibit 12
Consolidated Ratio of Earnings to Fixed Charges Ameriprise Financial, Inc.
	Years Ended December 31,
	2015			2014			2013			2012			2011
	(dollars in millions)
Earnings:
Pretax income attributable to Ameriprise Financial, Inc.	$	2,017		$	2,165		$	1,829		$	1,366		$	1,553
Interest and debt expense ⁽¹⁾	390			330			283			279			320
Interest portion of rental expense	23			30			29			30			32
Amortization of capitalized interest	4			5			5			6			4
Undistributed (gain) loss from equity investees	14			10			(1		)	16			41
Minority interest in pretax losses	(97		)	(103		)	—			(128		)	(129		)
Minority interest in pretax income of subsidiaries that have incurred fixed charges	222			484			141			—			23
Total earnings before banking and deposit interest expense and interest credited to fixed accounts (a)	2,573			2,921			2,286			1,569			1,844
Banking and deposit interest expense and interest credited to fixed accounts	697			742			838			875			904
Total earnings (c)	$	3,270		$	3,663		$	3,124		$	2,444		$	2,748

Fixed charges:
Interest and debt expense ⁽¹⁾	$	390		$	330		$	283		$	279		$	320
Estimated amount of interest in rental expense	23			30			29			30			32
Capitalized interest	3			2			2			7			5
Total fixed charges before banking and deposit interest and interest credited to fixed accounts (b)	416			362			314			316			357
Banking and deposit interest expense and interest credited to fixed accounts	697			742			838			875			904
Total fixed charges (d)	$	1,113		$	1,104		$	1,152		$	1,191		$	1,261

Ratio of earnings to fixed charges before banking and deposit interest expense and interest credited to fixed accounts (a/b)	6.2			8.1			7.3			5.0			5.2
Ratio of earnings to fixed charges (c/d)	2.9			3.3			2.7			2.1			2.2
⁽¹⁾ Interest on non-recourse debt of consolidated investment entities is included in interest and debt expense provided in the table above.