An insurer's financial report contains the following information: Earned premium $2,000,000 Incurred losses $1,600,000 Expenses $500,000 Investment earnings $400,000 Dividends $50,000 Which one of the following represents the insurer's underwriting profit or loss? Available answer options Select only one option A $100,000 loss B $150,000 loss C $300,000 profit D $400,000 profit