Agusto & Co. has upgraded the credit ratings of Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, reflecting growing confidence in the company’s financial health and stability.
The agency raised the company’s long-term rating to A and short-term rating to A1, both with a stable outlook. This shows that the company is seen as financially strong, well-governed, and capable of meeting its obligations to policyholders.
Agusto highlighted Stanbic IBTC Insurance’s:
-Strong liquidity and financial discipline
-Prudent business strategy
-Strategic support from Stanbic IBTC Holdings
The company has been expanding its retail presence across Nigeria, making life insurance more accessible to individuals, families, and businesses.
Claims and payouts:
-Over 2,000 claims paid totaling more than ₦1.8 billion
-Over ₦16 billion in annuities paid to 4,900 retirees
This demonstrates that policyholders can rely on Stanbic IBTC Insurance for prompt, reliable payouts.
Why it matters to you:
-A higher credit rating means the company is financially solid — your policies and annuities are safer.
-Expansion and improved service mean easier access to insurance solutions across Nigeria.
-Prompt claims settlement ensures you get your money when you need it, whether for insurance claims or retirement annuities.
As CEO, Akinjide Orimolade says, the upgrade reflects progress, trust, and a commitment to delivering reliable protection and value to customers.
