Stanbic Insurance gets A, A1 ratings from Agusto

The credit rating company, Agusto & Co., has assigned a Long-Term Rating of ‘A’ and a Short-Term Rating of ‘A1’, both with a stable outlook, to Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings.

This new rating was announced in the credit ratings for the 2025–2026 financial year.

The credit rating upgrade reflected stronger confidence in Stanbic IBTC Insurance’s financial resilience, governance standards, and long-term sustainability.

Commenting on the rating upgrade, the Chief Executive of Stanbic IBTC Insurance, Akinjide Orimolade, 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.”