Agusto & Co Upgrades Unitrust Insurance Company Limited’s Rating to A-

Arowojolu Adedayo Alaba, MD/CEO, Unitrust Insurance

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

This significant achievement underscores the company’s good capitalisation on the back of strong shareholders’ support, good liquidity profile and improved investment returns. 

The “A-” rating from Agusto & Co reflects Unitrust Insurance Company Limited’s good financial condition and strong capacity to meet its obligations relative to all other insurance companies in Nigeria. 

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 solution, Unitrust Insurance Company Limited is committed to providing peace of mind and financial security to its customers.