The San Mateo-based company offers essential policy, billing, and claims software for over 570 insurers across 44 countries. In fiscal 2026, its cloud platform revenue from subscriptions and support increased by 33%, totaling $970.9 million. Annual recurring revenue reached $1.242 billion, showing a 19% increase when adjusted for constant currency. These numbers indicate that insurers are making long-term commitments to a platform integral to their core operations.
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