Stock fact sheet · data as of
Assurant, Inc. 5.25% Subordinat (AIZN): fair value, margin of safety and Wheel Score
Ticker symbol AIZN · Financial Services · Insurance - Property & Casualty · United States · Fund / Note
Is AIZN undervalued?
AIZN has a margin of safety of 89%: the stock closed at 16.91 on 5 Nov 2026 against a GLS average fair value of 153.03. 7 of the 9 valuation models that produced a number sit above the price. Our scans treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
The 9 models disagree widely: Lynch gives 7.34 while 10 Cap gives 704.13. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
AIZN looks like a fund, note or preferred share rather than an operating company, so the nightly engine files it under Fund / Note: the valuation models are not built for it, and its Wheel Score is capped at 45.
Nine valuation models for AIZN
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 141.22 | +735% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 244.06 | +1343% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 24.28 | +44% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 7.34 | -57% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 73.06 | +332% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 704.13 | +4064% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 118.14 | +599% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 51.79 | +206% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 13.26 | -22% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -19.19 | -213% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - AIZN passes 6 of the nine Piotroski tests, which passes the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. There is no GLS Moat score for AIZN: funds, notes and second share lines get none, and so does a company with fewer than two years of accounts on file. The Moat part of the Wheel Score is zero.
Returns on capital are moderate - ROIC 10.8%, ROE 14.9%, ROA 2.4% - with debt at 0.38 times equity and a free-cash-flow yield of 10.9%.
The dividend yield is 1.14% with a payout ratio of 16% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Global Lifestyle 78%, Global Housing 22% (quarter Q1 FY2026).
Institutional ownership scores 5/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 10.8% |
|---|---|---|---|
| GLS Moat | - / 10 | ROE | 14.9% |
| Debt / equity | 0.38 | ROA | 2.4% |
| Free-cash-flow yield | 10.9% | Payout ratio | 16% |
| Institutions | 5 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 29: No options
AIZN has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business. It fails the first Wheel Trade Filter (options that actually trade), so the score stays under 70 and is shown as "No options" (29 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 25k shares a day on a market cap of $15.2B, with a beta of 0.56 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that good.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Fails | a fund or note, not a company |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | no implied volatility |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 89% below fair value | |
| Premium | Weak | no option data | |
| Moat | Weak | no moat score | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Good | beta 0.56, $15.2B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for AIZN in the nightly calendar. The next ex-dividend date is 31 Dec 2026 (0.3281 per share).
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Insurance - Property & Casualty
The 12 companies below are the closest to Assurant, Inc. 5.25% Subordinat by market cap within the Insurance - Property & Casualty industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| AIZ Assurant, Inc. | 308.52 | 518.65 | +41% | 48Weak | $15.2B |
| CNA CNA Financial Corporation | 48.02 | 113.38 | +58% | 53Fair | $13.0B |
| ERIE Erie Indemnity Company | 279.96 | 237.17 | -18% | 42Weak | $12.9B |
| AFG American Financial Group, Inc. | 154.77 | 185.90 | +17% | 38Weak | $12.8B |
| L Loews Corporation | 111.67 | 209.81 | +47% | 48Weak | $22.6B |
| MKL Markel Corporation | 1,954.51 | 4,032.71 | +52% | 41Weak | $23.9B |
| ORI Old Republic International Corporation | 39.96 | 56.77 | +30% | 39Weak | $9.6B |
| KNSL Kinsale Capital Group, Inc. | 391.73 | 618.66 | +37% | 82Good | $8.8B |
| THG The Hanover Insurance Group, Inc. | 249.93 | 573.77 | +56% | 75Good | $8.6B |
| WRB W. R. Berkley Corporation | 76.71 | 88.33 | +13% | 40Weak | $28.5B |
| CINF Cincinnati Financial Corporation | 190.48 | 375.36 | +49% | 43Weak | $29.2B |
| HGTY Hagerty, Inc. | 18.71 | 24.70 | +24% | 43Weak | $6.4B |
⚖ Compare AIZN with 7 of them All Financial Services stocks →
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about AIZN
Is AIZN undervalued right now?
By the GLS models, yes: at 16.91 the stock is 89% below the average fair value of 153.03 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of AIZN and what does it mean?
AIZN has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for AIZN?
153.03 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Assurant, Inc. 5.25% Subordinat report earnings next?
No upcoming earnings date is recorded for AIZN in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does AIZN have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on AIZN, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.