10 Best Insurance Stocks to Buy According to Hedge Funds

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1. Berkshire Hathaway Inc. (NYSE:BRK-B)

No. of Hedge Fund Holders: 131

Berkshire Hathaway Inc. (NYSE:BRK-B) is involved in various business activities, including insurance and reinsurance, utilities and energy, manufacturing, and others. The company allocates the money it makes from its insurance and other operations to its portfolio of stock holdings and securities across multiple industries.

Berkshire Hathaway Inc. (NYSE:BRK-B) ended 2024 with a remarkable $334 billion in cash, while the insurance business drove the last quarter’s earnings. During Q4 2024, the company’s operating profit soared to $14.53 billion, up by 71% from a year ago. Insurance underwriting profit soared by a whopping 302% year-over-year to $3.41 billion. Berkshire’s insurance investment income reached $4.09 billion, a rise of 50% year-over-year. On top of that, Warren Buffet’s insurance holding firm has an AA credit rating from Standard & Poor’s.

While we acknowledge the potential of BRK-B to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BRK-B but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks To Invest In According to Billionaires.

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