KNSL - Got $1000? 3 Top Insurance Stocks to Buy for the Long Term
When you're looking to build wealth through the stock market, one of the best investors you could emulate is Warren Buffett, chief executive officer of Berkshire Hathaway . Since 1965, Buffett's company has delivered investors a 20% return compounded annually -- or a total return of 3,600,000% over 57 years!
One of Buffett's early moves was buying National Indemnity Corp., a property and casualty insurer, back in 1967. Buffett has had a long love affair with insurance companies since then and owns GEICO, Berkshire Hathaway Reinsurance, and General Re.
Buffett likes the insurance industry for its strong cash flows and resilience during recessionary periods, which can make insurance stocks excellent long-term winners with much less volatility than the broader market. If you have $1,000 you're ready to put to work in the market, three insurers worth your consideration include Aflac (NYSE: AFL) , Kinsale Capital Group (NYSE: KNSL) , and Progressive (NYSE: PGR) .
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Got $1,000? 3 Top Insurance Stocks to Buy for the Long Term