Investing in the stock market is one great way to build long-term wealth. One essential component of investing is diversifying your portfolio across stocks with different risk profiles. Investments across industries are one great way to achieve diversification, and one sector you should consider investing in is insurance.

Insurance companies sell products that are always in demand, and their earnings tend to rise with economic growth and inflation. The two top Insurance stocks you can buy this month are Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) and Progressive (NYSE: PGR). Here's why these stocks could be a great addition to your portfolio.

Berkshire Hathaway may not strike you as an insurance stock. Most people know Berkshire for its chief executive officer, Warren Buffett, who is a legend in the investing world. Berkshire has a $372 billion investment portfolio, but the engine that drives that growth is its insurance operations.

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Source Fool.com