The following table presents the computation of basic and diluted earnings per share for the three and six months ended June 30, 2025 and 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
In millions except per share amounts |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
Basic and diluted earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) from continuing operations available to common shareholders |
|
$ |
(56 |
) |
|
$ |
(253 |
) |
|
$ |
(118 |
) |
|
$ |
(340 |
) |
Income (loss) from discontinued operations, net of income taxes |
|
|
- |
|
|
|
(2 |
) |
|
|
- |
|
|
|
(1 |
) |
Less: Net income (loss) from discontinued operations attributable to noncontrolling interests |
|
|
- |
|
|
|
(1 |
) |
|
|
- |
|
|
|
(1 |
) |
Net income (loss) from discontinued operations attributable to MBIA Inc. |
|
|
- |
|
|
|
(1 |
) |
|
|
- |
|
|
|
- |
|
Net income (loss) attributable to MBIA Inc. |
|
$ |
(56 |
) |
|
$ |
(254 |
) |
|
$ |
(118 |
) |
|
$ |
(340 |
) |
Basic and diluted weighted average shares (1) |
|
|
49.5 |
|
|
|
47.5 |
|
|
|
49.0 |
|
|
|
47.2 |
|
Net income (loss) per common share - basic and diluted: |
|
|
|
|
|
|
|
|
|
|
|
|
Continuing operations |
|
$ |
(1.12 |
) |
|
$ |
(5.30 |
) |
|
$ |
(2.40 |
) |
|
$ |
(7.20 |
) |
Discontinued operations |
|
|
- |
|
|
|
(0.04 |
) |
|
|
- |
|
|
|
(0.01 |
) |
Net income (loss) per share - basic and diluted |
|
$ |
(1.12 |
) |
|
$ |
(5.34 |
) |
|
$ |
(2.40 |
) |
|
$ |
(7.21 |
) |
Potentially dilutive securities excluded from the calculation of diluted EPS because of antidilutive affect |
|
|
0.9 |
|
|
|
3.4 |
|
|
|
0.9 |
|
|
|
3.4 |
|
(1) - Includes approximately 1 million of participating securities that met the service condition and were eligible to receive nonforfeitable dividends or dividend equivalents for the three and six months ended June 30, 2025 and 2024.
|