Exhibit 12
AMERIPRISE FINANCIAL, INC.
COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES
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| Years Ended December 31, |
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| 2006 |
| 2005 |
| 2004 |
| 2003 |
| 2002 |
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| (dollars in millions) |
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Earnings: |
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Income before income tax provision (benefit), discontinued operations and accounting change |
| $ | 797 |
| $ | 745 |
| $ | 1,112 |
| $ | 873 |
| $ | 861 |
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Interest and debt expense(1) |
| 127 |
| 87 |
| 64 |
| 44 |
| 31 |
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Interest portion of rental expense(2) |
| 29 |
| 26 |
| 26 |
| 24 |
| 23 |
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Amortization of capitalized interest |
| — |
| 1 |
| 1 |
| 1 |
| 1 |
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Equity method investees and minority interests |
| (1 | ) | — |
| (1 | ) | 1 |
| — |
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Total earnings (a) |
| $ | 952 |
| $ | 859 |
| $ | 1,202 |
| $ | 943 |
| $ | 916 |
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Fixed charges: |
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Interest and debt expense(1) |
| $ | 127 |
| $ | 87 |
| $ | 64 |
| $ | 44 |
| $ | 31 |
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Interest portion of rental expense(2) |
| 29 |
| 26 |
| 26 |
| 24 |
| 23 |
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Capitalized interest |
| — |
| — |
| — |
| — |
| 4 |
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Total fixed charges (b) |
| $ | 156 |
| $ | 113 |
| $ | 90 |
| $ | 68 |
| $ | 58 |
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Ratio of earnings to fixed charges (a/b) |
| 6.1 |
| 7.6 |
| 13.4 |
| 13.9 |
| 15.8 |
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(1) Interest on non-recourse debt of a consolidated collateralized debt obligation is included in interest and debt expense provided in the table above. This interest is recorded in net investment income on the Consolidated Statements of Income as provided in Exhibit 13.
(2) The interest portion of rental expense represents one-third of rental expense relating to operating leases.
