EXHIBIT 99.2

Vector Group Ltd.

Condensed Consolidating Financial Statements

December 31, 2021

(in thousands of dollars)

Presented herein are Condensed Consolidating Balance Sheet as of December 31, 2021 and the related Condensed Consolidating Statements of Operations for the year ended December 31, 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

	December 31, 2021
					Subsidiary				Consolidated
	Parent/		Subsidiary		Non-		Consolidating		Vector Group
	Issuer		Guarantors		Guarantors		Adjustments		Ltd.
ASSETS:
Current assets:
Cash and cash equivalents	$	167,347	$	14,930	$	11,134	$	—	$	193,411
Investment securities at fair value	146,687		—		—		—		146,687
Accounts receivable - trade, net	—		16,062		5		—		16,067
Intercompany receivables	1,832		—		—		(1,832)		—
Inventories	—		94,615		—		—		94,615
Income taxes receivable, net	41,010		—		—		(30,062)		10,948
Other current assets	742		6,404		2,929		—		10,075
Total current assets	357,618		132,011		14,068		(31,894)		471,803
Property, plant and equipment, net	390		25,725		10,768		—		36,883
Investments in real estate, net	—		—		9,098		—		9,098
Long-term investment securities at fair value	53,073		—		—		—		53,073
Investments in real estate ventures	—		—		105,062		—		105,062
Operating lease right-of-use assets	4,699		6,211		62		—		10,972
Investments in consolidated subsidiaries	237,351		—		—		(237,351)		—
Goodwill and other intangible assets, net	—		107,511		—		—		107,511
Other assets	15,997		60,686		2		—		76,685
Total assets	$	669,128	$	332,144	$	139,060	$	(269,245)	$	871,087
LIABILITIES AND STOCKHOLDERS' DEFICIENCY:
Current liabilities:
Current portion of notes payable and long-term debt	$	—	$	51	$	28	$	—	$	79
Intercompany payables	—		14		1,818		(1,832)		—
Income taxes payable, net	—		30,062		—		(30,062)		—
Current payments due under the Master Settlement Agreement	—		11,886		—		—		11,886
Current operating lease liability	1,787		1,993		58		—		3,838
Other current liabilities	44,288		104,016		1,183		—		149,487
Total current liabilities	46,075		148,022		3,087		(31,894)		165,290
Notes payable, long-term debt and other obligations, less current portion	1,398,550		37		4		—		1,398,591
Non-current employee benefits	60,551		8,419		—		—		68,970
Deferred income taxes, net	(849)		25,473		10,144		—		34,768
Non-current operating lease liability	4,149		4,704		—		—		8,853
Other liabilities, including litigation accruals and payments due under the Master Settlement Agreement	2,205		33,553		3,056		(2,646)		36,168
Total liabilities	1,510,681		220,208		16,291		(34,540)		1,712,640
Commitments and contingencies
Total stockholders' (deficiency) equity	(841,553)		111,936		122,769		(234,705)		(841,553)
Total liabilities and stockholders' deficiency	$	669,128	$	332,144	$	139,060	$	(269,245)	$	871,087

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

			Year Ended December 31, 2021
					Subsidiary				Consolidated
	Parent/		Subsidiary		Non-		Consolidating		Vector Group
	Issuer		Guarantors		Guarantors		Adjustments		Ltd.
Revenues	$	—	$	1,202,557	$	19,059	$	(916)	$	1,220,700
Expenses:
Cost of sales	—		758,015		11,527		—		769,542
Operating, selling, administrative and general expenses	57,475		71,151		3,708		(916)		131,418
Litigation settlement and judgment expense	—		211		—		—		211
Net gains on sales of assets	—		(910)		—		—		(910)
Management fee expense	—		12,966		—		(12,966)		—
Operating (loss) income	(57,475)		361,124		3,824		12,966		320,439
Other income (expenses):
Interest expense	(110,472)		(2,253)		(3)		—		(112,728)
Loss on extinguishment of debt	(21,362)		—		—		—		(21,362)
Equity in earnings from real estate ventures	—		—		10,250		—		10,250
Equity in earnings from investments	2,675		—		—		—		2,675
Equity in earnings (losses) in consolidated subsidiaries	353,517		—		—		(353,517)		—
Management fee income	12,966		—		—		(12,966)		—
Other, net	9,246		1,516		(75)		—		10,687
Income before provision for income taxes	189,095		360,387		13,996		(353,517)		209,961
Income tax benefit (expense)	30,368		(88,442)		(4,733)		—		(62,807)
Income from continuing operations	219,463		271,945		9,263		(353,517)		147,154
Income from discontinued operations, net of income taxes	—		100,063		72,119		(100,063)		72,119
Net Income	219,463		372,008		81,382		(453,580)		219,273
Net loss attributed to non-controlling interest	—		190		—		—		190
Net income attributed to Vector Group Ltd.	$	219,463	$	372,198	$	81,382	$	(453,580)	$	219,463
Comprehensive loss attributed to non-controlling interest	$	—	$	190	$	—	$	—	$	190
Comprehensive income attributed to Vector Group Ltd.	$	224,814	$	378,735	$	81,382	$	(460,117)	$	224,814