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Guidewire Software’s Nationwide Deal — Can Tier 1 Insurers Accelerate Cloud Adoption?

Guidewire Software, Inc. reported a strong finish to fiscal year 2026, with annual recurring revenue (ARR) reaching $1.242 billion, a 19% year-over-year increase that surpassed the high end of their guidance. Notably, the fully ramped ARR—the annualized value of contracts at full pricing—grew 22%, marking the fourth consecutive year of outperformance in this metric. Subscription and support revenues saw a significant rise of 33%, while total revenue increased 23% to $1.475 billion. These figures underscore robust customer demand and continued momentum in cloud migration, with total cloud ARR growing 35% and accounting for 84% of total ARR. The company highlighted key accomplishments such as a long-term cloud migration deal with Nationwide, a Tier 1 insurer, which also selected Guidewire’s PricingCenter for personal lines rating—validating the scalability of the product within large insurers.