EXHIBIT 99.2

Vector Group Ltd.

Condensed Consolidating Financial Statements

March 31, 2023

(in thousands of dollars)

Presented herein are Condensed Consolidating Balance Sheet as of March 31, 2023 and the related Condensed Consolidating Statements of Operations for the three months ended March 31, 2023 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

	March 31, 2023
					Subsidiary				Consolidated
	Parent/		Subsidiary		Non-		Consolidating		Vector Group
	Issuer		Guarantors		Guarantors		Adjustments		Ltd.
ASSETS:
Current assets:
Cash and cash equivalents	$	229,415	$	52,105	$	348	$	—	$	281,868
Investment securities at fair value	107,035		—		—		—		107,035
Accounts receivable - trade, net	—		30,500		—		—		30,500
Intercompany receivables	2,392		—		—		(2,392)		—
Inventories	—		100,675		—		—		100,675
Income taxes receivable, net	17,309		—		13,605		(30,914)		—
Other current assets	975		9,421		—		—		10,396
Total current assets	357,126		192,701		13,953		(33,306)		530,474
Property, plant and equipment, net	377		34,247		9,300		—		43,924
Long-term investment securities	45,059		—		—		—		45,059
Investments in real estate ventures	—		—		123,355		—		123,355
Operating lease right-of-use assets	5,009		4,055		—		—		9,064
Investments in consolidated subsidiaries	262,495		—		—		(262,495)		—
Deferred income taxes, net	12		—		—		(12)		—
Intangible assets	—		107,511		—		—		107,511
Other assets	13,502		80,047		3,002		—		96,551
Total assets	$	683,580	$	418,561	$	149,610	$	(295,813)	$	955,938
LIABILITIES AND STOCKHOLDERS' DEFICIENCY:
Current liabilities:
Current portion of notes payable and long-term debt	$	—	$	30	$	—	$	—	$	30
Intercompany payables	—		269		2,123		(2,392)		—
Income taxes payable, net	—		33,719		—		(30,914)		2,805
Current payments due under the Master Settlement Agreement	—		83,695		—		—		83,695
Current operating lease liability	1,836		1,830		—		—		3,666
Other current liabilities	37,191		100,989		877		—		139,057
Total current liabilities	39,027		220,532		3,000		(33,306)		229,253
Notes payable, long-term debt and other obligations, less current portion	1,384,834		—		—		—		1,384,834
Non-current employee benefits	57,843		6,137		—		—		63,980
Deferred income taxes, net	—		25,397		25,613		(12)		50,998
Non-current operating lease liability	3,961		2,619		—		—		6,580
Other liabilities, including litigation accruals and payments due under the Master Settlement Agreement	3,687		22,023		355		—		26,065
Total liabilities	1,489,352		276,708		28,968		(33,318)		1,761,710
Commitments and contingencies
Total stockholders' (deficiency) equity	(805,772)		141,853		120,642		(262,495)		(805,772)
Total liabilities and stockholders' deficiency	$	683,580	$	418,561	$	149,610	$	(295,813)	$	955,938

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS

			Three Months Ended March 31, 2023
					Subsidiary				Consolidated
	Parent/		Subsidiary		Non-		Consolidating		Vector Group
	Issuer		Guarantors		Guarantors		Adjustments		Ltd.
Revenues	$	—	$	334,145	$	258	$	(258)	$	334,145
Expenses:
Cost of sales	—		232,286		—		—		232,286
Operating, selling, administrative and general expenses	7,790		19,475		285		(258)		27,292
Litigation settlement and judgment expense	—		270		—		—		270
Management fee expense	—		3,516		—		(3,516)		—
Operating (loss) income	(7,790)		78,598		(27)		3,516		74,297
Other income (expenses):
Interest expense	(26,864)		(610)		—		—		(27,474)
Gain on extinguishment of debt	(141)		—		—		—		(141)
Equity in losses from real estate ventures	—		—		(1,893)		—		(1,893)
Equity in losses from investments	(159)		—		—		—		(159)
Equity in earnings in consolidated subsidiaries	57,889		—		—		(57,889)		—
Management fee income	3,516		—		—		(3,516)		—
Other, net	2,499		1,125		(4)		—		3,620
Income (loss) before provision for income taxes	28,950		79,113		(1,924)		(57,889)		48,250
Income tax benefit (expense)	5,791		(19,778)		478		—		(13,509)
Net income	$	34,741	$	59,335	$	(1,446)	$	(57,889)	$	34,741
Comprehensive income (loss)	$	34,950	$	59,408	$	(1,446)	$	(57,962)	$	34,950