Ameriprise Financial (AMP) 10-K 2005 FY Annual report

Exhibit 12

AMERIPRISE FINANCIAL, INC.

COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES

	Years Ended December 31,
	2005			2004		2003		2002		2001
	(dollars in millions)
Earnings:
Income before income tax provision (benefit), discontinued operations and accounting change	$	745		$	1,112	$	873	$	861	$	35
Interest and debt expense	73			52		45		32		26
Interest portion of rental expense	32			30		28		31		39
Amortization of capitalized interest	1			1		1		1		—
Equity method investees and minority interests	(2		)	2		2		—		—
Total earnings (a)	$	849		$	1,197	$	949	$	925	$	100
Fixed charges:
Interest and debt expense	$	73		$	52	$	45	$	32	$	26
Interest portion of rental expense	32			30		28		31		39
Capitalized interest	—			—		—		4		6
Total fixed charges (b)	$	105		$	82	$	73	$	67	$	71
Ratio of earnings to fixed charges (a/b) (1)	8.1			14.5		13.0		13.9		1.4

⁽¹⁾         Ratio calculated using thousands.

The interest portion of rental expense represents one-third of rental expense relating to operating leases.