10 Best Insurance Stocks for the Long Term

5. Markel Group Inc. (NYSE:MKL)

Number of Hedge Fund Holders: 38

10-Year Revenue Growth Rate: 13.12%

Markel Group Inc. (NYSE:MKL) ranks fifth on our list of the best insurance stocks to buy for the long term. The insurance company was founded in 1930 and is based in Richmond, Virginia. MKL is home to a robust insurance and investment management system that helps businesses enjoy sustainable earnings for the long term. Under its insurance business, the company provides insurance services, reinsurance, program services, and insurance-linked securities management.

Over the past 10 years, the company has grown its revenue by slightly over 13%, a testament to its sustained financial performance and robust growth strategy. In the third quarter of 2024, Markel Group Inc. (NYSE:MKL) saw a 37% increase in operating revenue driven by its investments segment. Its insurance business particularly benefited from its operations in foreign countries and the expansion of its offerings.

Overall, Markel Group Inc. (NYSE:MKL) boasts a sound financial position which is supported by its expansion model and revenue growth rate over the years. At the end of the third quarter of 2024, 38 hedge funds held stakes in MKL.