EXHIBIT 99.2

Vector Group Ltd.

Condensed Consolidating Financial Statements

September 30, 2021

(in thousands of dollars)

Presented herein are Condensed Consolidating Balance Sheet as of September 30, 2021 and the related Condensed Consolidating Statements of Operations for the nine months ended September 30, 2021 of Vector Group Ltd. (Parent/Issuer), the guarantor subsidiaries (Subsidiary Guarantors) and the subsidiaries that are not guarantors (Subsidiary Non-Guarantors).

CONDENSED CONSOLIDATING BALANCE SHEETS

	September 30, 2021
					Subsidiary				Consolidated
	Parent/		Subsidiary		Non-		Consolidating		Vector Group
	Issuer		Guarantors		Guarantors		Adjustments		Ltd.
ASSETS:
Current assets:
Cash and cash equivalents	$	222,449	$	133,012	$	168,270	$	—	$	523,731
Investment securities at fair value	155,095		—		—		—		155,095
Accounts receivable - trade, net	—		19,892		26,534		—		46,426
Intercompany receivables	2,095		—		—		(2,095)		—
Inventories	—		89,774		—		—		89,774
Income taxes receivable, net	11,067		—		—		(11,067)		—
Other current assets	1,159		5,958		35,859		—		42,976
Total current assets	391,865		248,636		230,663		(13,162)		858,002
Property, plant and equipment, net	409		26,184		51,219		—		77,812
Investments in real estate, net	—		—		9,551		—		9,551
Long-term investment securities at fair value	54,845		—		3,566		—		58,411
Investments in real estate ventures	—		—		74,199		—		74,199
Operating lease right-of-use assets	5,023		6,615		124,877		—		136,515
Investments in consolidated subsidiaries	455,925		246,472		—		(702,397)		—
Goodwill and other intangible assets, net	—		107,511		107,190		—		214,701
Other assets	16,092		51,839		38,836		—		106,767
Total assets	$	924,159	$	687,257	$	640,101	$	(715,559)	$	1,535,958
LIABILITIES AND STOCKHOLDERS' DEFICIENCY:
Current liabilities:
Current portion of notes payable and long-term debt	$	—	$	12,526	$	12,557	$	(12,500)	$	12,583
Intercompany payables	—		28		2,067		(2,095)		—
Income taxes payable, net	—		20,557		801		(11,067)		10,291
Current payments due under the Master Settlement Agreement	—		131,831		—		—		131,831
Current operating lease liability	1,737		1,988		22,580		—		26,305
Other current liabilities	44,759		77,332		84,654		(39)		206,706
Total current liabilities	46,496		244,262		122,659		(25,701)		387,716
Notes payable, long-term debt and other obligations, less current portion	1,397,518		3,169		3,318		(3,125)		1,400,880
Non-current employee benefits	58,197		8,740		—		—		66,937
Deferred income taxes, net	(8,433)		24,664		21,032		—		37,263
Non-current operating lease liability	4,615		5,133		131,923		—		141,671
Other liabilities, including litigation accruals and payments due under the Master Settlement Agreement	778		34,696		43,399		(4,250)		74,623
Total liabilities	1,499,171		320,664		322,331		(33,076)		2,109,090
Commitments and contingencies
Stockholders' (deficiency) equity attributed to Vector Group Ltd.	(575,012)		366,593		315,890		(682,483)		(575,012)
Non-controlling interest	—		—		1,880		—		1,880
Total stockholders' (deficiency) equity	(575,012)		366,593		317,770		(682,483)		(573,132)
Total liabilities and stockholders' deficiency	$	924,159	$	687,257	$	640,101	$	(715,559)	$	1,535,958

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

			Nine Months Ended September 30, 2021
					Subsidiary				Consolidated
	Parent/		Subsidiary		Non-		Consolidating		Vector Group
	Issuer		Guarantors		Guarantors		Adjustments		Ltd.
Revenues	$	—	$	895,961	$	1,030,636	$	(658)	$	1,925,939
Expenses:
Cost of sales	—		556,574		754,468		—		1,311,042
Operating, selling, administrative and general expenses	34,421		53,188		194,031		(658)		280,982
Litigation settlement and judgment expense	—		17		—		—		17
Net (gains) losses on sales of assets	—		(910)		—		—		(910)
Management fee expense	—		9,724		—		(9,724)		—
Operating (loss) income	(34,421)		277,368		82,137		9,724		334,808
Other income (expenses):
Interest expense	(83,326)		(1,800)		(136)		109		(85,153)
Loss on extinguishment of debt	(21,362)		—		—		—		(21,362)
Equity in earnings from real estate ventures	—		—		12,405		—		12,405
Equity in earnings from investments	1,562		—		—		—		1,562
Equity in earnings (losses) in consolidated subsidiaries	274,561		82,042		—		(356,603)		—
Management fee income	9,724		—		—		(9,724)		—
Other, net	9,056		868		(2,561)		—		7,363
Income before provision for income taxes	155,794		358,478		91,845		(356,494)		249,623
Income tax benefit (expense)	18,357		(68,934)		(25,015)		—		(75,592)
Net income	174,151		289,544		66,830		(356,494)		174,031
Net loss attributed to non-controlling interest	—		—		120		—		120
Net income attributed to Vector Group Ltd.	$	174,151	$	289,544	$	66,950	$	(356,494)	$	174,151
Comprehensive loss attributed to non-controlling interest	$	—	$	—	$	120	$	—	$	120
Comprehensive income attributed to Vector Group Ltd.	$	174,923	$	289,888	$	66,950	$	(356,838)	$	174,923