Rex Insurance Limited is pleased to announce that we have been assigned an A- (Stable Outlook) credit rating by Agusto & Co., Nigeria’s foremost credit rating agency. This rating reflects our strong financial condition, robust liquidity profile, and solid capacity to meet our obligations within the Nigerian insurance sector.
The A- rating is a significant milestone that underscores our commitment to financial stability, operational excellence, and customer satisfaction.
Agusto & Co. highlighted our good capitalization, strong solvency margin, and a well-diversified investment portfolio as key factors supporting this rating. These strengths position us well for sustainable growth and enhanced service delivery.
At Rex Insurance, we recognize that trust is fundamental in the insurance industry. Our commitment to innovation, risk management, and customer-centric solutions remains unwavering. We continue to refine our business strategies, particularly by expanding our retail insurance segment and leveraging digital transformation to serve our clients better.
About Agusto & Co.
Established in 1992, Agusto & Co. is Nigeria’s first credit rating agency, renowned for providing independent and credible risk assessments across various industries. The agency is widely respected for its thorough financial analysis and ratings, which help investors and stakeholders make informed decisions.
This recognition by Agusto & Co. is a testament to our resilience and strong fundamentals, and we remain committed to delivering exceptional value to our policyholders, partners, and stakeholders.
