Agusto & Co. Rates Universal Insurance “Bbb-” with Stable Outlook for Strong Financial Performance

Agusto & Co. has assigned Universal Insurance (NGX: UNIVINSURE) a “Bbb-” rating with a stable outlook, citing the company's ability to maintain a solvency margin well above the minimum threshold. Universal Insurance demonstrated strong growth in its underwriting activities, improved customer experience through digital platforms, and increased shareholder funds.

The company's reinsurance arrangements in 2024 led to a significant improvement in its loss ratio and profitability. Despite stable liquidity metrics, Universal Insurance's investment portfolio and operational cash flow strengthened, supporting higher premium collections.

The company's profit before tax also saw a sharp increase, indicating positive financial performance.