Michael Combs is the Chairman, President, and Chief Executive Officer of CorVel Corporation (NASDAQ: CRVL), a technology-driven workers’ compensation and managed care company headquartered in Irvine, California. Combs has spent over 33 years at CorVel, joining as a software engineer in 1991 and rising through the ranks to become CEO in January 2019 and Chairman of the Board in November 2024. A computer science graduate from San Diego State University, he has guided CorVel’s digital transformation and aggressive adoption of artificial intelligence, helping the company achieve $896 million in annual revenue for fiscal year 2025 and earning recognition on TIME’s America’s Growth Leaders 2026 list.
Michael Combs – Quick Facts
CorVel Corporation Competitors
CorVel Corporation operates in the workers’ compensation and managed care solutions industry. The key competitors of CorVel Corporation include:
- ESIS (Chubb Limited) – Risk management and workers’ comp claims services
- Sedgwick Claims Management Services – Largest global third-party claims administrator
- Broadspire (Crawford & Company) – Claims management and managed care
- Gallagher Bassett – Workers’ comp claims management and risk services
- CompPharma (Mitchell) – Workers’ compensation pharmacy benefit management
- One Call – Workers’ compensation ancillary services
- Coventry (Aetna) – Workers’ comp managed care networks
- Rising Medical Solutions – Workers’ comp medical cost containment
Michael Combs Net Worth 2026 – CorVel CEO Salary
As of 2026, Michael Combs’ net worth is estimated at approximately $4–5 million USD, based primarily on his disclosed CorVel Corporation stock holdings. According to SEC filings, Combs beneficially owns approximately 101,510 shares of CorVel stock, including exercisable options. At current market prices (approximately $53 per share as of March 2026), his direct stock value fluctuates with CorVel’s share price. It is worth noting that CorVel’s stock traded as high as $128 per share in early 2025, meaning his holdings were considerably more valuable at their peak.
CorVel CEO Compensation Breakdown (FY2025)
CorVel Corporation Net Worth 2026 – Is CorVel Profitable?
Yes, CorVel Corporation is a profitable company and has been consistently profitable for many years. Under CEO Michael Combs, the company has delivered strong revenue and earnings growth, with fiscal year 2025 marking another year of record performance.
CorVel Corporation Financial Summary
| Metric | FY2025 | FY2024 | YoY Change |
|---|---|---|---|
| Annual Revenue | $896M | $795M | ▲ +12.6% |
| Net Income | $95.2M | $76.2M | ▲ +24.8% |
| Diluted EPS | $1.83 | $1.46 | ▲ +25.3% |
| Market Cap (Mar 2026) | ~$2.5B | — | |
| Cash & Equivalents | $230M | — | |
| Debt | $0 (No Borrowings) | — | |
| Employees | ~3,700 | — | |
CorVel Corporation CEO Email Address | Michael Combs Contact
Below are the official contact details for CorVel Corporation CEO Michael Combs:
Career & Education – Company, University, & College
Michael Combs’ career is a rare example of a CEO who rose from software engineer to the corner office at the same company over more than three decades. His entire professional journey has been defined by technology and innovation in the workers’ compensation industry.
Michael Combs Career Timeline
Early Career at SAIC
After graduating from San Diego State University, Michael Combs began his career as a software engineer at SAIC (Science Applications International Corporation), a large defense and government services contractor also headquartered in San Diego. He worked at SAIC from approximately 1989 to 1991, gaining foundational experience in software development and systems engineering.
Rise Through the Ranks at CorVel
In October 1991, Combs joined CorVel Corporation as a software engineer. Over the next three decades, he steadily climbed the corporate ladder, holding a series of increasingly senior technology and operational roles. He served as Vice President of Bill Review Development, where he helped build CorVel’s proprietary technology platform. He later became Deputy Chief Information Officer and then Chief Information Officer in 2015, overseeing all of CorVel’s technology infrastructure and innovation initiatives.
In April 2017, Combs was promoted to President, marking his transition from technology leadership to overall corporate leadership. In this role, he worked closely with CorVel founder Gordon Clemons to drive the company’s strategic direction and expand its technology-driven approach to claims management and managed care.
Education
Michael Combs as CorVel CEO – Leadership & Achievements
Michael Combs was formally promoted to Chief Executive Officer on January 1, 2019, succeeding CorVel founder Gordon Clemons, who had led the company since its founding in 1987. Combs was further elected Chairman of the Board in November 2024, consolidating his leadership of the organization.
Under Combs’ leadership as CEO, CorVel has achieved several milestones:
- Revenue Growth: Annual revenue increased from approximately $590 million when he became CEO to $896 million in FY2025, representing over 50% growth in six years
- Technology & AI Adoption: Combs has championed the integration of artificial intelligence and machine learning into CorVel’s claims management platform, automating and streamlining workflows across the company’s service lines
- CERIS Expansion: Oversaw the growth of CorVel’s CERIS managed care platform, expanding the company’s provider network and bill review capabilities
- Zero Debt Balance Sheet: Maintained a debt-free balance sheet with $230 million in cash, giving CorVel exceptional financial flexibility
- TIME Recognition: CorVel was named to TIME’s America’s Growth Leaders 2026 list — the only company in its industry to receive this honor
- Great Place to Work: CorVel earned its sixth consecutive Great Place to Work certification in February 2026, reflecting Combs’ focus on culture and employee development
- Consistent EPS Growth: Diluted earnings per share grew from $1.46 in FY2024 to $1.83 in FY2025, a 25.3% increase
Michael Combs Wiki – Age, Family, & Personal Life
Michael G. Combs (age 61 as of 2026) is a private individual who keeps his personal life out of the public spotlight. He has spent essentially his entire professional career at CorVel Corporation, joining in 1991 and dedicating over 33 years to the company. Details about his spouse, children, and family are not publicly available.
Combs is based near CorVel’s headquarters in Irvine, California. He is known within the insurance and workers’ compensation industry for his technology-forward mindset and his rare distinction of having risen from a software engineering position to the CEO role at the same company over more than three decades.
Fun Fact
Michael Combs is one of the few Fortune-listed CEOs who started as a software engineer at his own company and literally coded his way to the top. Over 33 years, he progressed through every level of the technology organization before leading the entire company. His deep technical background gives him an unusually hands-on understanding of the AI and automation tools that CorVel deploys for its clients.
About CorVel Corporation
CorVel Corporation is a technology-driven risk management solutions company headquartered in Irvine, California. Founded in 1987 by Gordon Clemons, the company provides workers’ compensation and managed care services to employers, insurance carriers, and third-party administrators. CorVel trades on the NASDAQ under the ticker symbol CRVL.
CorVel’s key service lines include:
- Claims Management: End-to-end workers’ compensation claims administration, including first notice of loss, investigation, and settlement
- Managed Care (CERIS): Preferred provider network (PPO), utilization review, pharmacy benefit management, and medical bill review
- Network Solutions: Access to CorVel’s nationwide network of healthcare providers for cost-effective treatment
- Liability Claims: Auto, general liability, and property claims administration
- Technology Platform: Proprietary CareMC platform powered by AI and machine learning for workflow automation and data-driven decision-making
CorVel serves a broad range of industries and has built a reputation for leveraging technology to drive better outcomes for injured workers while controlling costs for employers. The company operates across the United States and has approximately 3,700 employees.
Frequently Asked Questions (FAQ)
Who is the current CEO of CorVel Corporation?
The current CEO of CorVel Corporation is Michael G. Combs, who has served as President and Chief Executive Officer since January 2019. He was additionally elected Chairman of the Board in November 2024. Combs has been with CorVel for over 33 years.
What is Michael Combs’ net worth in 2026?
As of 2026, Michael Combs’ net worth is estimated at approximately $4–5 million USD, based on his disclosed CorVel stock holdings of approximately 101,510 beneficial shares. The value fluctuates with CorVel’s stock price.
What is CorVel CEO’s salary?
Michael Combs’ total compensation for fiscal year 2025 was approximately $1.19 million, including a $651K base salary, $441K annual bonus, $96K in stock options, and $3K in other compensation. His bonus structure is 75% tied to corporate financial performance and 25% tied to management objectives.
What is CorVel CEO’s email address?
CorVel Corporation CEO Michael Combs’ email address is [email protected]. The company’s headquarters is located at 1920 Main Street, Suite 900, Irvine, CA 92614. For general inquiries, visit corvel.com.
What does CorVel Corporation do?
CorVel Corporation provides technology-driven workers’ compensation and managed care solutions, including claims management, network solutions, pharmacy benefit management, and bill review services. The company uses proprietary AI-powered technology to streamline claims processes and improve outcomes for injured workers.
Is CorVel Corporation profitable?
Yes, CorVel is a consistently profitable company. In fiscal year 2025, the company reported revenue of $896 million (up 12.6% year-over-year) and net income of $95.2 million (up 24.8%). The company carries zero debt and holds $230 million in cash.
What is CorVel’s stock ticker?
CorVel Corporation trades on the NASDAQ stock exchange under the ticker symbol CRVL. As of March 2026, the company has a market capitalization of approximately $2.5 billion.
Article last updated: March 2026
Disclaimer: All information presented in this article has been compiled from publicly available sources, including SEC filings, official company press releases, and reputable news outlets. This content is provided for informational purposes only and does not constitute financial or investment advice.