REGENERON PHARMACEUTICALS

Ticker: REGN CUSIP: 75886F107 Class: COM

Park Avenue Institutional Advisers LLC's Holding History (CIK: 0001640801)

Note: Option positions (PUT/CALL) are excluded.

Q2 2016

Shares 493 Value ($000) $172 Avg Close $383.00 Range $327.27 - $431.54

Q1 2016

Shares 490 Value ($000) $177 Avg Close $409.79 Range $347.04 - $529.97

Q4 2015

Shares 505 Value ($000) $274 Avg Close $538.82 Range $445.63 - $589.32

Q3 2015

Shares 514 Value ($000) $239 Avg Close $534.07 Range $433.12 - $602.59

Q2 2015

Shares 498 Value ($000) $254 Avg Close $485.93 Range $431.08 - $541.00

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	493	$172	$383.00	$327.27 - $431.54
Q1 2016	490	$177	$409.79	$347.04 - $529.97
Q4 2015	505	$274	$538.82	$445.63 - $589.32
Q3 2015	514	$239	$534.07	$433.12 - $602.59
Q2 2015	498	$254	$485.93	$431.08 - $541.00