Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2024

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Schedule Of Basic And Diluted Earnings Per Share

The following table presents the computation of basic and diluted earnings per share for the three months ended March 31, 2024 and 2023:

	Three Months Ended March 31,
In millions except per share amounts	2024				2023
Basic and diluted earnings per share:
Net income (loss) from continuing operations available to common shareholders		$	(87	)	$	(83	)
Income (loss) from discontinued operations, net of income taxes			1			(3	)
Less: Net income (loss) from discontinued operations attributable to noncontrolling interests			-			7
Net income (loss) from discontinued operations attributable to MBIA Inc.			1			(10	)
Net income (loss) attributable to MBIA Inc.		$	(86	)	$	(93	)
Basic and diluted weighted average shares (1)			46.8			49.9
Net income (loss) per common share attributable to MBIA Inc. - basic and diluted:
Continuing operations		$	(1.88	)	$	(1.67	)
Discontinued operations			0.04			(0.19	)
Net income (loss) per share attributable to MBIA Inc. - basic and diluted		$	(1.84	)	$	(1.86	)
Potentially dilutive securities excluded from the calculation of diluted EPS because of antidilutive affect			4.0			4.9

(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, 2024 and 2023.