Exhibit 12
Consolidated Ratio of Earnings to Fixed Charges
Ameriprise Financial, Inc.
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| Years Ended December 31, |
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| 2017 |
| 2016 |
| 2015 |
| 2014 |
| 2013 |
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| (dollars in millions) |
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Earnings: |
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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 |
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Interest portion of rental expense |
| 25 |
| 23 |
| 23 |
| 30 |
| 29 |
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Amortization of capitalized interest |
| 3 |
| 4 |
| 4 |
| 5 |
| 5 |
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Undistributed (gain) loss from equity investees |
| 92 |
| 49 |
| 14 |
| 10 |
| (1 | ) | |||||
Minority interest in pretax losses |
| — |
| — |
| (97 | ) | (103 | ) | — |
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Minority interest in pretax income of subsidiaries that have incurred fixed charges |
| — |
| — |
| 222 |
| 484 |
| 141 |
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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 |
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Banking and deposit interest expense and interest credited to fixed accounts |
| 704 |
| 664 |
| 697 |
| 742 |
| 838 |
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Total earnings (c) |
| $ | 3,247 |
| $ | 2,575 |
| $ | 3,270 |
| $ | 3,663 |
| $ | 3,124 |
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Fixed charges: |
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Interest and debt expense (1) |
| $ | 209 |
| $ | 243 |
| $ | 390 |
| $ | 330 |
| $ | 283 |
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Estimated amount of interest in rental expense |
| 25 |
| 23 |
| 23 |
| 30 |
| 29 |
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Capitalized interest |
| 3 |
| 3 |
| 3 |
| 2 |
| 2 |
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Total fixed charges before banking and deposit interest and interest credited to fixed accounts (b) |
| 237 |
| 269 |
| 416 |
| 362 |
| 314 |
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Banking and deposit interest expense and interest credited to fixed accounts |
| 704 |
| 664 |
| 697 |
| 742 |
| 838 |
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Total fixed charges (d) |
| $ | 941 |
| $ | 933 |
| $ | 1,113 |
| $ | 1,104 |
| $ | 1,152 |
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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 |
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Ratio of earnings to fixed charges (c/d) |
| 3.5 |
| 2.8 |
| 2.9 |
| 3.3 |
| 2.7 |
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(1) Interest on non-recourse debt of consolidated investment entities is included in interest and debt expense provided in the table above.
