EX-11 3 dex11.txt COMPUTATION OF EARNINGS PER SHARE EXHIBIT 11 MBIA INC. AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE ASSUMING DILUTION (In thousands except per share amounts)
Three months ended Six months ended June 30 June 30 ------------------- ------------------- 2002 2001 2002 2001 -------- -------- -------- -------- Net income $143,981 $143,006 $297,750 $259,133 ======== ======== ======== ======== Diluted weighted-average shares: Basic weighted-average shares outstanding 147,568 148,160 147,809 148,044 Effect of stock options 1,139 1,025 1,171 1,005 Unallocated ESOP shares 54 113 54 113 -------- -------- -------- -------- Diluted weighted-average shares: 148,761 149,298 149,034 149,162 ======== ======== ======== ======== Basic EPS $ 0.98 $ 0.97 $ 2.01 $ 1.75 ======== ======== ======== ======== Diluted EPS $ 0.97 $ 0.96 $ 2.00 $ 1.74 ======== ======== ======== ========