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Corvel Corporation  (CRVL)
Other Ticker:  
 
    Sector  Financial    Industry Insurance Brokerage
   Industry Insurance Brokerage
   Sector  Financial

Corvel's

Competitiveness


 

CRVL Sales vs. its Competitors Q1 2021



Comparing the results to its competitors, Corvel reported Total Revenue decrease in the 1 quarter 2021 year on year by -1.03 %, despite revenue increase by most of its competitors of 11.1 %, recorded in the same quarter.

List of CRVL Competitors

With net margin of 10.18 % company reported lower profitability than its competitors.

More on CRVL Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Corvel Corporation Net Income in the 1 quarter 2021 grew year on year by 26.07 %, slower than its competitors income growth of 26.59 %

<<  More on CRVL Income Comparisons


Corvel's Comment on Competitors and Industry Peers


The healthcare cost containment industry is competitive and is subject to economic pressures for cost savings and legislative reforms. CorVel’s primary competitors in the workers’ compensation market include third party administrators, managed care companies, large insurance carriers and numerous independent companies. Many of the Company’s competitors are significantly larger and have greater financial and marketing resources than the Company. Moreover, the Company’s customers may establish the in-house capability of performing services offered by the Company. If the Company is unable to compete effectively, it will be difficult to add and retain customers, and the Company’s business, financial condition and results of operations will be materially and adversely affected.


The past few years have seen acceleration in the technology world, and advancements seem to be progressing at a pace that few, if any, have ever witnessed. The proliferation of smart phones and tablet computers allows the Company’s clients to stay connected at any time, from anywhere. This capability provides immediate access and begins to present business opportunities that were previously predicated on a less connected environment. The Company continues to leverage the new wave of technology in order to connect all of the parties involved in the workers’ compensation process in ways that were unimaginable in the past. As with general health, the workers compensation line continues to migrate to being a medical management business, with policymakers, employers, and carriers struggling to manage and control the costs of medical care (Source “National Council on Compensation Insurance”). The Company will continue to focus the execution of its strategy to provide industry leading claims management and cost containment solutions to the market.


We are required to be licensed or receive regulatory approval in nearly every state and foreign jurisdiction in which we do business. In addition, most jurisdictions require individuals who engage in claim adjusting and certain other insurance service activities to be personally licensed. These licensing laws and regulations vary from jurisdiction to jurisdiction. In most jurisdictions, licensing laws and regulations generally grant broad discretion to supervisory authorities to adopt and amend regulations and to supervise regulated activities.





  

Overall company Market Share Q1 2021

Overall company, revenue fell by -1.03 % and company lost market share, to approximate 0.66 %.





<<  More on CRVL Market Share.
 

*Market share calculated with total revenue.


CRVL's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Corvel Corporation 553 2,562 46 3,508
Marsh and Mclennan Companies Inc 18,529 75,524 2,524 57,000
Aon Plc 11,773 59,287 2,142 69,000
Robert Half International Inc 5,000 11,048 327 14,000
Automatic Data Processing Inc 14,645 89,659 2,472 55,000
Equifax Inc 4,635 32,184 734 7,500
Crawford and Co 1,019 243 46 8,941
H and r Block Inc 2,895 4,504 95 2,200
Intuit Inc 8,888 146,272 2,127 8,000
Convergys Corp. 2,739 2,397 113 0
Paychex Inc 4,057 41,237 1,098 13,000
Amerisafe Inc 336 1,109 95 449
Employers Holdings Inc 708 1,191 145 716
Asure Software Inc 66 179 -16 324
Benefitfocus Inc 267 428 -15 1,450
Paycom Software Inc 871 23,358 145 2,548
Paylocity Holding Corporation 599 11,704 64 2,115
Ultimate Software Group Inc 1,199 10,650 57 4,208
Blucora Inc 770 828 -218 487
SUBTOTAL 79,548 514,362 11,981 250,446


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