CORVEL CORP
Close on Oct 19, 2026
- Market cap
- $4.06B
- P/E (TTM)
- 35.4
- Dividend yield
- –
About Corvel
Insurance Agents, Brokers & Service, SIC 6411
CorVel Corporation provides medical cost containment and managed care services for workers' compensation, automobile, and group health claims. The company operates through two main service categories: network solutions and patient management. Its offerings include medical bill review, preferred provider organization management, pharmacy services, directed care, Medicare compliance solutions, and clinical bill auditing. It also delivers third-party administration, claims administration, and case management services that coordinate treatment and recovery for injured individuals. CorVel serves commercial insurance carriers, self-insured employers, third-party administrators, and governmental entities.
The company operates nationwide across the United States through a network of local branch offices and document capture centers. Its preferred provider network encompasses more than 1.2 million healthcare providers throughout the country. CorVel maintains its corporate headquarters and a primary centralized hub in Fort Worth, Texas, alongside additional offices in the Dallas-Fort Worth metropolitan area.
Summary of the business section of Corvel's latest annual report, written by StockData.
Company profile
Company
- Legal name
- CORVEL CORP
- Founded
- 1987
- Headquarters
- Portland, OR
- Address
- 1800 Sw First Avenue, Suite 600 97201
- Phone
- (503) 222-3144
- Website
- www.corvel.com
- Employees
- 5,239, Mar 31, 2026
- Industry
- Insurance Agents, Brokers & Service
- Incorporated in
- Delaware
- Fiscal year ends
- March 31
- Auditor
- HASKELL & WHITE LLP, Irvine, California
Stock & identifiers
- Ticker
- CRVL
- Exchange
- Nasdaq
- IPO date
- Jun 28, 1991
- Shares outstanding
- 51M, Aug 3, 2026
- Public float
- $2.22B, Sep 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 3-for-1, Feb 6, 2025; 3-for-1, Dec 26, 2024; 2-for-1, Jun 30, 2013; 2-for-1, Jun 27, 2013; 3-for-2, Dec 11, 2006; 3-for-2, Sep 4, 2001; 2-for-1, Jun 15, 1999
- SEC CIK
- 874866
- CUSIP
- 221006109
- ISIN
- US2210061097
- EIN
- 33-0282651
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Jennifer Yoss | Vice President of Accounting | 4,273 |
| Michael G. Combs | CEO & President | 12,322 |
| Brian S. Nichols | Chief Financial Officer | 56 |
| Mark E. Bertels | EVP - Risk Management Services | 2,942 |
| Sarah A. Scott | CEO and President | – |
| Maxim Shishin | Chief Information Officer | 9,300 |
| Brandon O'Brien | Chief Financial Officer | 8,948 |
| R. Judd Jessup | Director | 111,798 |
| Steven J. Hamerslag | Director | 515,659 |
| Jeffrey J. Michael | Director | 559,721 |
| Alan Hoops | Director | 146,905 |
| Joanna M. Burkey | Director | – |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2026 Michael G. Combs | $1.29M | $472.22K | $594.70K | $86 | $125 |
| FY2025 Michael G. Combs | $1.19M | $2.14M | $464.11K | $200 | $96 |
| FY2024 Michael G. Combs | $966.97K | $1.90M | $485.14K | $256 | $85 |
| FY2023 Michael G. Combs | $2.09M | $3.39M | $413.59K | $349 | $116 |
| FY2022 Michael G. Combs | $1.42M | $4.46M | $482.75K | $309 | $124 |
| FY2021 Michael G. Combs | $1.51M | $3.73M | $467.86K | $188 | $149 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of March 31, 2026, CorVel had 5,239 employees, including nurses, claims adjusters, and other employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Jun 1, 2020 | Late filing | Notification of late filing |
| Nov 13, 2017 | Late filing | Notification of late filing |
| Jun 6, 2007 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Feb 6, 2007 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Oct 5, 2006 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Aug 18, 2006 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Aug 10, 2006 | Late filing | Notification of late filing |
| Jul 7, 2006 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Jun 15, 2006 | Late filing | Notification of late filing |
| Aug 10, 2005 | Late filing | Notification of late filing |
| Jul 5, 2005 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Jun 30, 2005 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Jun 14, 2005 | Late filing | Notification of late filing |