Attached files
| file | filename |
|---|---|
| EX-5.1 - OPINION OF JOHN C. JUNEK, ESQ. - AMERIPRISE FINANCIAL INC | a16-15502_4ex5d1.htm |
| EX-4.1 - FORM OF 2.875% SENIOR NOTE DUE 2026 - AMERIPRISE FINANCIAL INC | a16-15502_4ex4d1.htm |
| EX-1.1 - UNDERWRITING AGREEMENT DATED AUGUST 8, 2016 (FORM OF 2.875% SENIOR NOTE DUE 2026) - AMERIPRISE FINANCIAL INC | a16-15502_4ex1d1.htm |
| 8-K - 8-K - AMERIPRISE FINANCIAL INC | a16-15502_48k.htm |
Exhibit 12.1
Consolidated Ratio of Earnings to Fixed Charges
Ameriprise Financial, Inc.
|
|
|
Six Months |
|
|
|
|
|
|
|
|
|
|
| ||||||
|
|
|
Ended |
|
Years Ended December 31, |
| ||||||||||||||
|
|
|
June 30, 2016 |
|
2015 |
|
2014 |
|
2013 |
|
2012 |
|
2011 |
| ||||||
|
|
|
(dollars in millions) |
| ||||||||||||||||
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Pretax income attributable to Ameriprise Financial, Inc. |
|
$ |
885 |
|
$ |
2,017 |
|
$ |
2,165 |
|
$ |
1,829 |
|
$ |
1,366 |
|
$ |
1,553 |
|
|
Interest and debt expense (1) |
|
110 |
|
390 |
|
330 |
|
283 |
|
279 |
|
320 |
| ||||||
|
Interest portion of rental expense |
|
11 |
|
23 |
|
30 |
|
29 |
|
30 |
|
32 |
| ||||||
|
Amortization of capitalized interest |
|
2 |
|
4 |
|
5 |
|
5 |
|
6 |
|
4 |
| ||||||
|
Undistributed (gain) loss from equity investees |
|
19 |
|
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) |
|
1,027 |
|
2,573 |
|
2,921 |
|
2,286 |
|
1,569 |
|
1,844 |
| ||||||
|
Banking and deposit interest expense and interest credited to fixed accounts |
|
321 |
|
697 |
|
742 |
|
838 |
|
875 |
|
904 |
| ||||||
|
Total earnings (c) |
|
$ |
1,348 |
|
$ |
3,270 |
|
$ |
3,663 |
|
$ |
3,124 |
|
$ |
2,444 |
|
$ |
2,748 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Interest and debt expense (1) |
|
$ |
110 |
|
$ |
390 |
|
$ |
330 |
|
$ |
283 |
|
$ |
279 |
|
$ |
320 |
|
|
Estimated amount of interest in rental expense |
|
11 |
|
23 |
|
30 |
|
29 |
|
30 |
|
32 |
| ||||||
|
Capitalized interest |
|
1 |
|
3 |
|
2 |
|
2 |
|
7 |
|
5 |
| ||||||
|
Total fixed charges before banking and deposit interest and interest credited to fixed accounts (b) |
|
122 |
|
416 |
|
362 |
|
314 |
|
316 |
|
357 |
| ||||||
|
Banking and deposit interest expense and interest credited to fixed accounts |
|
321 |
|
697 |
|
742 |
|
838 |
|
875 |
|
904 |
| ||||||
|
Total fixed charges (d) |
|
$ |
443 |
|
$ |
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) |
|
8.4 |
|
6.2 |
|
8.1 |
|
7.3 |
|
5.0 |
|
5.2 |
| ||||||
|
Ratio of earnings to fixed charges (c/d) |
|
3.0 |
|
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.