Investors
On Nasdaq Since 1991
CorVel is a publicly-traded company (NASDAQ: CRVL) with more than $795 million in annual revenue. As the only independent, publicly-traded claims management and cost containment provider, we have built momentum in our financial results and continue to make significant progress in our strategy to be a full-service risk management solution.
Year in Review

2025 President’s Message
Reflecting on the past year, I am immensely proud of the team’s focus, innovation, and unwavering commitment to our vision. In a dynamic market, CorVel has effectively navigated challenges and seized opportunities to drive meaningful growth and deliver value to our employees, partners, and shareholders.
This fiscal year brought healthy growth in both the Property & Casualty and Commercial Health segments, driving robust financial performance. Additionally, in December, a three-for-one stock split was executed due to our strong financial position and progress in the market. These successes have led to significant growth in the stock price over the past few years; the split enhanced the accessibility of shares for a broader range of investors, including CorVel team members.
This year also marked the retirement of our founder, Gordon Clemons, whose vision, leadership, and entrepreneurial spirit built the strong foundation on which we continue to grow. We are profoundly grateful for his invaluable contributions and lasting legacy.
One of CorVel’s passions is technological innovation, and thanks to increased investment and the strength of our IT team, we made meaningful progress in the automation of objective tasks and the implementation of Al-driven functionality during the year. The commitment to practical, results-driven technology is a key differentiator for CorVel; it supports long-term sustainable growth and enhances our value proposition. Investments in system and workflow enhancements reduce costs, improve customer experience, and streamline day-to-day operations. These intentional capital allocations allow team members to focus on higher-value interactions and drive improved outcomes for our partners.
Given the number of marquee accounts onboarded, 2024 was a noteworthy year. The CorVel teams’ engagement in implementing programs and agility in addressing and exceeding dynamic requirements were exemplary. Delivering on the promises communicated when we sell new accounts and implement services makes a significant difference for our partners.
The results are achieved by our more than 5,000 team members, and I’m incredibly proud and thankful for their dedication and commitment. Their hard work, along with the leadership of our management team, continues to make CorVel a place where people can grow, thrive, and have a real impact. I’m also deeply appreciative of our partners’ strong relationships and collaboration that facilitate the expansion and enhancements of services we offer.
To our shareholders, thank you for your ongoing trust and support. We’re excited about the opportunities that lie ahead.
Michael G. Combs
President, CEO, & Chairman
Investor Fact Sheet
General info
To provide an enduring culture where we are empowered to seek our full potential. Working together to change the industry; making a real difference to those we serve.
Over 1,000 that include Employers, Insurance Carriers, and Government Entities.
Workers’ Compensation Liability Disability Alternative Risk Solutions
Claims Management Case Management Medical Bill Review Provider Network (PPO) Pharmacy Solutions (PBM) Ancilliary Benefit Management (ABM)
History
1987 (Originally under the name FORTIS)
V. Gordon Clemons
1991
No debt: cash represents 29% of total assets (3/31/24)
Finance
CRVL
51,359,544 (3/31/2025)
$5,680,000,000 (5/28/2025)
44%
54%
March 31
$110.67 (5/28/2025)
$76.53-$128.61 (5/28/2025)
$0.51 (QE 3/31/2025)
Annual Reports
Proxy Statements
SEC Filings
Governance
CorVel is the only independent, publicly traded claims management and cost containment provider. This is a testament to our financial strength and long sustained executive leadership.
Board of Directors
Michael G. Combs
Joanna C. Burkey
Steven J. Hamerslag
Alan R. Hoops
R. Judd Jessup
Jeffrey J. Michael
Corporate Officers
Michael G. Combs
Mark E. Bertels
Brandon T. O’Brien
Maxim Shishin
Sharon F. O’Connor
Jennifer L. Yoss
Richard J. Schweppe
Company Details
CorVel Corporation
5128 Apache Plume Rd, Suite 400
Fort Worth, Texas 76109
888-7-CORVEL
Computershare Investor Services
Canton, Massachusetts
Stradling Yocca Carlson & Rauth, P.C.
Newport Beach, California
Haskell & White LLP
Irvine, California
The common stock of CorVel Corporation is traded on the NASDAQ Global Select Market System under the stock symbol CRVL.
Form 10K
CorVel Corporation Annual Report on Form 10K filed with the Securities and Exchange Commission may be obtained without charge by contacting Investor Relations at:
CorVel Corporation
1920 Main Street Suite 900
Irvine, California 92614
888-7-CORVEL
investor_relations@corvel.com
Board of Directors Diversity
Pursuant to Nasdaq Listing Rule 5605(f)(2), CorVel is required to have, or explain why we do not have, at least one director who self-identifies as female and (ii) at least one director who self-identifies as an underrepresented minority or LGBTQ+. CorVel currently has one director who self-identifies as female, but do not have any directors who self-identify as underrepresented minority or LGBTQ+.
CorVel’s Nomination and Governance Committee believes our board of directors, as a whole, should be well-rounded, consisting of directors with backgrounds that are complementary to one another, reflecting a variety and diversity of professional experiences, skills, education, expertise and personal characteristics. However, the Committee does not believe the qualifications of an individual to serve on our board should be defined by any one diversity characteristic.
We believe the current composition of CorVel’s board, as a whole, reflects a mix of qualities, attributes, skills and experiences that are appropriate to support the achievement of our long-term strategic objectives.
Board Diversity Matrix
Board of Directors Committee Charters
Webcasts
Environmental, Social, and Governance Standards
CorVel is committed to upholding high Environmental, Social, and Governance standards. Sustainability, social responsibility, and strong corporate governance practices are core to our company values, stakeholders’ and shareholder interests. We strive to create a safe, diverse, and inclusive workplace that fosters teamwork, growth, and innovation while minimizing our ecological footprint.
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