Assurant, Inc. 5.25% Subordinat

AI-generated fair value estimate for this company.

Method: $25 stated par value, 5.25% coupon = $1.3125 annual per-note distribution paid quarterly; applied a 6.63% required yield (current secondary-market yield demanded for long-dated 2061-maturity, Jan-2026-first-call, BBB-/Baa3-rated insurance-holdco subordinated debt, consistent with recent quotes near $19.71-$19.90): $1.3125 / 0.0663 is about $19.80.

Reasoning: A perpetual-style long-dated junior note pays a fixed coupon with no equity upside, so it is valued by discounting that coupon at the yield the market currently demands for comparable subordinated insurance debt, not by a DCF of Assurant's operating equity.