The financial statements of the XYZ Property and Liability Insurance Company indicate the following:

Premiums written 2007 $10,000,000 Unearned premium reserve, Dec. 2006 9,000,000 Unearned premium reserve, Dec. 2007 11,000,000 Losses paid in 2007 6,000,000 Loss reserves, Dec. 2006 5,000,000 Loss reserves, Dec. 2007 4,000,000 Underwriting expense incurred 4,000,000 Compute the statutory profit or loss for the XYZ Company during 2007.