Guidewire Software is a leading technology company that provides software solutions for property and casualty insurance companies
Their platform offers a suite of applications designed to help insurers manage their core operations, including underwriting, policy administration, claims management, and billing. By enabling insurers to streamline processes and enhance customer engagement, Guidewire empowers these organizations to adapt to evolving market demands and improve overall efficiency. With a focus on innovation, the company also supports its clients with cloud-based services and data analytics, facilitating better decision-making and risk management in an increasingly competitive landscape.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at vertical software stocks, starting with Guidewire (NYSEGWRE).
Montana State Fund, Montana’s largest and only non-profit workers’ compensation insurance company, and Guidewire (NYSEGWRE) announced that Montana State Fund selected Guidewire InsuranceSuite on Guidewire Cloud to power its core business, simplify its IT operations, adapt quickly to changing market conditions, and deliver more value to its policyholders, injured workers, and agency partners. A Guidewire customer since 2006, the company will migrate InsuranceSuite from an on-premises environment onto Guidewire Cloud, beginning with Guidewire ClaimCenter.
CFO Jeff Cooper noted that annual recurring revenue, revenue and profitability finished above the high end of the company’s outlook ranges in the second quarter.
Insurance industry-focused software maker Guidewire (NYSEGWRE) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 20.2% year on year to $289.5 million. Guidance for next quarter’s revenue was optimistic at $286 million at the midpoint, 2.3% above analysts’ estimates. Its non-GAAP profit of $0.51 per share was in line with analysts’ consensus estimates.
Guidewire (NYSEGWRE) announced that it will release its financial results for the fiscal quarter ended January 31, 2025 after market close on Thursday, March 6, 2025. On that day, management will host an audio webcast at 2:00 p.m. PT (5:00 p.m. ET) to review and discuss the Company’s results for the second quarter fiscal year 2025. The live audio webcast will be accessible to the public through the Investor Relations website at https://ir.guidewire.com/. A replay of the event will be available two hours after the conclusion of the live event and archived for a period of three months.
Amerisure Insurance (Amerisure), a leading provider of commercial property and casualty insurance solutions for U.S.-based construction, manufacturing and healthcare businesses, and Guidewire (NYSEGWRE) announced that Amerisure successfully deployed Guidewire PolicyCenter and Guidewire BillingCenter as its new systems for policy administration, underwriting, and billing management. The company implemented the products on Guidewire Cloud simultaneously beginning with its Workers’ Compensation line of business in all of the regions where it operates. Amerisure is currently implementing other lines of business such as commercial auto and loss sensitive (special risk). Guidewire PartnerConnect Consulting Global Premier member PwC was the lead partner on the implementation project.
Shares of insurance industry-focused software maker Guidewire (NYSEGWRE) jumped 9.7% in the afternoon session after Goldman Sachs analyst Adam Hotchkiss initiated coverage of the stock with a Buy rating and a $210 price target. Hotchkiss thinks Guidewire's leadership in the key end markets and the momentum from customers migrating to the cloud should continue to support growth.
Guidewire HazardHub has released winter weather risk data to help insurers and property owners across the United States better understand and prepare for cold-weather threats. Last year, winter storms in the United States resulted in approximately $3.4 billion in insured losses. The year prior, in 2022, nearly $6 billion in losses were recorded from winter storms, which was the second-highest recorded losses in the past decade.
