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Guidewire Cloud ARR Surges 19% on AI Demand
4 Sep
Summary
- Guidewire's ARR surpassed guidance, reaching $1.237 billion.
- Nationwide adopted Guidewire's PricingCenter, a first for tier-one insurers.
- Cloud ARR increased 35%, forming 84% of total ARR.
Guidewire Software concluded its fiscal year 2026 with annual recurring revenue surpassing guidance, a performance bolstered by successful cloud migrations and increasing demand for its artificial intelligence and pricing solutions. The company's ARR reached $1.237 billion, representing a 19% year-over-year increase on a constant-currency basis.
Key to this success was a significant fourth-quarter agreement with Nationwide, which committed to migrating its entire InsuranceSuite to the Guidewire Cloud Platform. Nationwide also selected PricingCenter, becoming Guidewire's first U.S. tier-one customer for this product. This adoption is expected to validate the product's capabilities for other major insurers.
Guidewire's cloud ARR demonstrated robust growth, increasing by 35% and now constituting 84% of the total ARR. The company secured 62 core deals throughout the fiscal year, with a notable eight PricingCenter deals closed in the fourth quarter alone, indicating strong market traction for its pricing and rating tools.
