Guidewire Software signs top carrier to multi-year cloud agreement
The software maker secured a top 10 US-based insurance carrier for its Guidewire Cloud and PolicyCenter products.
Key takeaways
- Guidewire Software, Inc. (GWRE) signed a multi-year agreement with a top 10 US-based insurance carrier for its personal lines book of business on Guidewire Cloud and PolicyCenter, entering the company's top 10 by fully ramped annual recurring revenue.
Guidewire Software, Inc. (GWRE) said Thursday it entered into a new multi-year agreement with a top 10 US-based insurance carrier.
The deal covers the carrier's personal lines book of business on Guidewire Cloud and PolicyCenter.
The transaction places this customer inside the company's top 10 as measured by fully ramped annual recurring revenue, according to a regulatory filing.
Guidewire defined fully ramped annual recurring revenue as the annualized recurring value outlined in active customer contracts.
That metric includes all non-variable price increases outlined in the pricing schedule of an executed customer contract within the first five years.
The company said the transaction does not require a revision to the quarterly or full-year financial guidance previously issued on Sept. 3, 2026.