Agusto & Co upgrades Unitrust Insurance's ratings to 'A'

Unitrust Insurance Company Limited’s credit rating has been upgraded from “Bbb+” to “A-” with a stable outlook.

This significant achievement underscores the company’s good capitalisation on the back of strong shareholders’ support, good liquidity profile and improving investment returns, Arowojolu Adedayo, managing director/CEO

Adedayo said the “A-” rating from Agusto & Co reflects Unitrust Insurance Company Limited’s good financial condition and strong capacity to meet its obligations as an insurance company in Nigeria.

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Agusto & Co is a leading independent rating agency in Nigeria, providing credit ratings and credit risk management and research to a wide range of organizations. The company’s ratings are based on rigorous analysis and evaluation of financial performance, risk management practices, and corporate governance.

Unitrust Insurance Company Limited is a reputable insurance company in Nigeria, offering a comprehensive range of insurance products and services to individuals and businesses.

With a strong focus on customer satisfaction and innovative solutions, Unitrust Insurance Company Limited is committed to providing peace of mind and financial security to its customers.

Modestus Anaesoronye

Modestus Anaesoronye is a leading Nigerian financial journalist with over two decades of experience reporting on the insurance and pension sectors across Nigeria and West Africa. He has held key editorial positions at major national media outlets, including The Comet, The Nation, and Financial Standard, and currently serves as a Senior Financial Analyst at BusinessDay Media Ltd. A widely travelled reporter, he has covered industry developments in more than 14 countries across Africa and Asia. Anaesoronye is a multiple award-winning journalist, honoured several times as Insurance Journalist of the Year and Pension Journalist of the Year by recognised industry bodies, including PensionScope and the Pension Fund Operators Association of Nigeria (PenOp), among others.