Agusto & Co. upgrades Unitrust Insurance’s Credit Rating to “A” (Long Term), “A1” (Short Term) – Outlook Stable

Agusto & Co. Limited, Nigeria’s foremost rating agency, has upgraded the Company’s credit ratings to “A” (Long Term) and “A1” (Short Term) with a Stable Outlook.

This significant upgrade underscores Unitrust Insurance’s financial strength, prudent risk management, strong capitalization, and consistent operational performance, reaffirming the company’s position as a trusted player in the Nigerian insurance industry.

Speaking on the development, Mr. Adedayo. A Arowojolu Managing Director/Chief Executive Officer of Unitrust Insurance, described the rating upgrade as “a clear validation of our resilience, disciplined underwriting culture, and commitment to excellence.”

“We are delighted with Agusto & Co.’s independent recognition of our solid fundamentals and strategic progress. This upgrade reflects our unwavering focus on delivering value to policyholders, strengthening corporate governance, and driving sustainable growth. As we continue to evolve, Unitrust remains committed to innovation, customer-centricity, and operational integrity,” he said.

The new ratings — “A” for Long-Term and “A1” for Short-Term, both with a Stable Outlook — are valid until June 30, 2026, subject to periodic review. Agusto & Co. cited Unitrust Insurance’s robust balance sheet, strong reinsurance arrangements, and effective risk management framework as key factors supporting the upgrade.
Commitment to Excellence and Sustainability.

The rating upgrade is an important milestone in Unitrust Insurance’s strategic journey toward becoming the insurer of choice, delivering innovative solutions and long-term value to customers, partners, and stakeholders. It also aligns with our company’s continuous drive to uphold global best practices in governance, sustainability, and financial stewardship.