Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, is happy to announce that Agusto & Co. has upgraded its credit score scores for the 2025–2026 {financial} yr. The Company has been assigned a Long-Term Rating of A and a Short-Term Rating of A1, each with a Stable Outlook. This improve displays stronger confidence in Stanbic IBTC Insurance’s {financial} resilience, governance requirements, and long-term sustainability.
The improved scores underscore the Company’s dedication to strong threat administration, operational self-discipline, and its sturdy capability to fulfill obligations to policyholders. Agusto & Co. additionally cited Stanbic IBTC Insurance’s sound liquidity place, prudent enterprise technique, and the strategic backing it receives as a part of Stanbic IBTC Holdings.
As a part of its development technique, Stanbic IBTC Insurance continues to broaden its retail footprint throughout Nigeria, enhancing entry to life insurance coverage options and deepening its presence in key markets. This enlargement helps its mission to serve people, households, and companies with dependable and accessible insurance coverage choices.
Commenting on the score improve, Akinjide Orimolade, Chief Executive of Stanbic IBTC Insurance, said “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.”
In phrases of claims settlement, Stanbic IBTC has constantly demonstrated its dedication to immediate and environment friendly payout to policyholders and annuitants. Since its institution in 2021, the corporate has settled over 2,000 claims, amounting to greater than ₦1.8 billion in money. Additionally, it has paid over 16 billion in annuities to greater than 4,900 retirees, reaffirming its dedication to delivering dependable and well timed advantages.
Stanbic IBTC Insurance stays dedicated to sustaining its sturdy {financial} place, driving customer-centric innovation, and constantly delivering on its promise of safety and peace of thoughts for Nigerians.
For extra info, go to www.stanbicibtcinsurance.com, ship an electronic mail to insure@stanbicibtc.com or name 0201 270 6801.
