Exhibit 12.1

VECTOR GROUP LTD.

Computation of Ratio of Earnings to Fixed Charges

(Dollars in Thousands, Except Ratios)

(Unaudited)

	Three Months Ended March 31,				Year Ended December 31,
	2015		2014		2014		2013		2012		2011		2010
Earnings as defined:
Pre-tax income	33,895		6,471		82,487		63,487		53,717		123,157		85,570
Distributions from investees	898		1,693		5,152		4,251		19,169		9,322		12,212
Interest expense	25,286		40,782		146,787		147,084		132,538		93,939		72,572
(Income) in equity of affiliate	(338	)	(1,552	)	(4,103	)	(22,925	)	(29,764	)	(19,966	)	(23,963	)
Interest portion of rental expense (1)	1,743		1,755		7,505		2,174		1,367		1,438		1,223
Total earnings	61,484		49,149		237,828		194,071		177,027		207,890		147,614
Fixed charges as defined:
Interest expense	25,286		40,782		146,787		147,084		132,538		93,939		72,572
Interest portion of rent expense (1)	1,743		1,755		7,505		2,174		1,367		1,438		1,223
Total fixed charges	27,029		42,537		154,292		149,258		133,905		95,377		73,795
Ratio of earnings to fixed charges	2.27		1.16		1.54		1.30		1.32		2.18		2.00

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(1) One third of rent expense is the portion deemed representative of the interest factor.