The following table presents the computation of basic and diluted earnings per share for the three months ended March 31, 2026 and 2025:
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Three Months Ended March 31, |
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In millions except per share amounts |
2026 |
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2025 |
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Basic and diluted earnings per share: |
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Net income (loss) from continuing operations available to common shareholders |
$ |
(41 |
) |
|
$ |
(62 |
) |
Less: Net income (loss) from continuing operations attributable to noncontrolling interests |
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(2 |
) |
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|
- |
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Net income (loss) from continuing operations attributable to MBIA Inc. |
|
(39 |
) |
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|
(62 |
) |
Net income (loss) from discontinued operations attributable to MBIA Inc. |
|
(1 |
) |
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|
- |
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Net income (loss) attributable to MBIA Inc. |
$ |
(40 |
) |
|
$ |
(62 |
) |
Basic and diluted weighted average shares (1) |
|
49.8 |
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48.4 |
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Net income (loss) per common share attributable to MBIA Inc. - basic and diluted: |
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Continuing operations |
$ |
(0.79 |
) |
|
$ |
(1.28 |
) |
Discontinued operations |
|
(0.01 |
) |
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- |
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Net income (loss) per share attributable to MBIA Inc. - basic and diluted |
$ |
(0.80 |
) |
|
$ |
(1.28 |
) |
Potentially dilutive securities excluded from the calculation of diluted EPS because of antidilutive affect |
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0.8 |
|
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0.9 |
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(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 months ended March 31, 2026 and 2025.
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