Our report last week on Allianz Australia's second-quarter financial performance stated that gross written premium (GWP) rose 5% to $703.7 million.

Allianz Australia has pointed out that its parent company states gross written premium in two forms - "as stated" and "internal".

The "as stated" figure we used in our report does not make adjustments for exchange rate movements between euros and the Australian dollar. The "internal" figure indicates the company's second-quarter GWP rose from €390 million to €445 million - an increase of 14.1%.