Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, has announced that Agusto & Co. upgraded its credit ratings for the 2025–2026 financial years. The company received a Long-Term Rating of A and a Short-Term Rating of A1, both with a Stable Outlook.

The upgrade reflects growing confidence in the insurer’s financial resilience, governance, and long-term sustainability.

Akinjide Orimolade, CEO of Stanbic IBTC Insurance, said the ratings underscore the company’s commitment to robust risk management, operational discipline, and timely fulfillment of obligations to policyholders. He also highlighted the company’s sound liquidity, prudent strategy, and strategic backing from Stanbic IBTC Holdings.

Orimolade noted that the company continues to expand its retail presence across Nigeria, providing accessible life insurance solutions to individuals, families, and businesses. Since its establishment in 2021, the insurer has settled over 2,000 claims totaling more than N1.8 billion and paid over N16 billion in annuities to more than 4,900 retirees.

The rating upgrade reinforces Stanbic IBTC Insurance’s commitment to financial stability, customer-focused innovation, and reliable protection for Nigerians.