Augusto & Co Upgrades Stanbic IBTC Insurance Credit Ratings

Agusto & Co. has upgraded Stanbic IBTC Insurance, credit ratings for the 2025–2026 financial year.

The company has been assigned a Long-Term Rating of A and a Short-Term Rating of A1, both with a Stable Outlook. This upgrade reflects stronger confidence in Stanbic IBTC Insurance’s financial resilience, governance standards, and long-term sustainability.

The improved ratings underscore the Company’s commitment to robust risk management, operational discipline, and its strong capacity to meet obligations to policyholders. Agusto & Co. also cited Stanbic IBTC Insurance’s sound liquidity position, prudent business strategy, and the strategic backing it receives as part of Stanbic IBTC Holdings.

As part of its growth strategy, Stanbic IBTC Insurance continues to expand its retail footprint across Nigeria, enhancing access to life insurance solutions and deepening its presence in key markets. This expansion supports its mission to serve individuals, families, and businesses with reliable and accessible insurance offerings.

Commenting on the rating upgrade, Akinjide Orimolade, Chief Executive of Stanbic IBTC Insurance, said the company’s focus remains on delivering reliable protection, exceptional service, and enduring value to policyholders and other stakeholders.

“We are delighted with this upgrade as a reflection of our progress and the trust we’ve earned from stakeholders. Our focus remains on delivering reliable protection, exceptional service, and enduring value to both policyholders and other stakeholders. This recognition motivates us to uphold the highest standards of financial discipline, service excellence, and integrity.”