EX-11 3 dex11.txt COMPUTATION OF EARNINGS PER SHARE MBIA INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE ASSUMING DILUTION (In thousands except per share amounts)
Three months ended Nine months ended September 30 September 30 --------------------------- ------------------------------ 2001 2000 2001 2000 ------------ ------------- ------------ ---------------- Net income $154,520 $130,714 $413,653 $392,427 ============ ============= ============ ================ Diluted weighted average shares: Basic weighted average shares outstanding 148,346 147,266 148,146 147,798 Effect of stock options 1,085 883 1,041 777 Unallocated ESOP shares 102 155 102 155 ------------ ------------- ------------ ---------------- Diluted weighted average shares: 149,533 148,304 149,289 148,730 ============ ============= ============ ================ Basic EPS $ 1.04 $ 0.89 $ 2.79 $ 2.66 ============ ============= ============ ================ Diluted EPS $ 1.03 $ 0.88 $ 2.77 $ 2.64 ============ ============= ============ ================