Guidewire Software, Inc.
GWRE —Price and target zones价格与目标区间
What the company does公司做什么
Guidewire makes the core software that property-and-casualty insurers run on — the system that records their policies, handles their claims, and does their billing. It is the insurer's system of record, now delivered mostly as a cloud subscription.Guidewire 制造财产和意外险公司赖以运转的核心软件——记录保单、处理理赔、办理账单的那套系统。它是保险公司的"记录系统"，如今主要以云订阅的方式交付。
Earns from营收来源 cloud subscriptions, plus older licences and setup services.云订阅，外加较老的软件许可和实施服务。
Read the full description查看完整介绍
Guidewire Software, Inc. provides a platform for property and casualty (P&C) insurers worldwide. It offers Guidewire InsuranceSuite, such as PolicyCenter, ClaimCenter, and BillingCenter applications. The company also provides Guidewire InsuranceNow, a cloud-based application that offers policy administration, claims management, and billing functionality, plus pre-integrated document production, analytics, and other capabilities. In addition, it offers Guidewire Rating Management to manage the pricing of insurance products; Guidewire Reinsurance Management to use rules-based logic to execute reinsurance strategy through underwriting and claims processes; Guidewire Client Data Management that helps P&C insurers to capitalize on customer information; Guidewire Advanced Product Designer, a cloud-native application for insurance product design and management; Guidewire Product Content Management provides software tools and standards-based, line-of-business templates. Further, the company provides Guidewire Digital Engagement Applications, which enable insurers to provide digital experiences; Guidewire Predict, a P&C-specific machine-learning platform; Guidewire HazardHub that allows insurers to understand, assess, price, and manage property risk; Guidewire Canvas, Guidewire Compare, Guidewire industry Intel, Guidewire Data Studio, and Guidewire Explore, an cloud-native applications; Guidewire Cyence, a cyber-risk economic modeling product; Guidewire DataHub, an operational data store; and Guidewire InfoCenter, a business intelligence warehouse for P&C insurers . The company was incorporated in 2001 and is headquartered in San Mateo, California.
What the company sells公司卖什么
The cloud version of its insurance software. FY2025 revenue was $731 million, up 33%. Recurring revenue (ARR) passed $1 billion for the first time.其保险软件的云端版本。FY2025 收入为 $731 million，增长 33%。经常性收入（ARR）首次突破 $1 billion。
- PolicyCenter
- Records and manages insurance policies from quote to renewal.从报价到续保，记录和管理保险保单。
- ClaimCenter
- Handles claims from first notice to settlement.处理从首次报案到理赔结案的理赔流程。
- BillingCenter
- Automates billing, payment plans, and agent commissions.把账单、付款计划和代理佣金自动化。
Plus:此外： License授权许可 (21%) — Older on-site software licences. This part is flat as customers move to the cloud较旧的本地部署软件授权。随着客户转向云端，这部分保持平稳; Services服务 (18%) — Setup and configuration设置和配置.
Company facts公司资料
- Founded成立时间
- 2001
- Headquarters总部
- San Mateo, California
- Employees员工人数
- 4,049
- Industry行业
- Software - Application
- Country国家
- United States
Investment thesis投资逻辑 from the watchlist来自关注列表
Insurance SaaS, FCF improving. Add $120-130. Trim $200+.
保险 SaaS，自由现金流在改善。加仓区间 $120-130。$200 以上减仓。
Historical results历史业绩 past fiscal years — these values do not change过去财年——这些数值不会变动
Profit margins利润率 the share of revenue that stays as profit营收中留存为利润的比例
of every $1 of revenue每 $1 营收中的占比
- Return on equity净资产收益率
- 12%
- Revenue growth营收增长
- +27%
Competitors竞争对手
Why customers stay客户为什么留下
The highest switching cost of its peers — its software runs an insurer's live policy, claims, and billing operations, so replacing it is a multi-year re-platforming of mission-critical systems. Cloud contracts run for a decade.在同行中拥有最高的转换成本——它的软件运行着一家保险公司实时的保单、理赔和账单业务，所以要替换它，就等于对关键任务系统做一场长达数年的重新搭建。云合同一签就是十年。