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INCOME TAXES - Summary of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021
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Deferred tax assets: |  |
Discounting of net reserves for losses and loss expenses | $ 52,992 | $ 53,415
Unearned premiums | 56,146 | 53,342
Net unrealized investments losses | 71,251 | 0
Operating and capital loss carryforwards | 152,896 | 85,358
Accruals not currently deductible | 42,045 | 38,294
Tax credits | 7,619 | 2,709
Other deferred tax assets | 8,590 | 5,040
Deferred tax assets before valuation allowance | 391,539 | 238,158
Valuation allowance | (60,069) | (16,918)
Deferred tax assets net of valuation allowance | 331,470 | 221,240
Deferred tax liabilities: |  |
Deferred acquisition costs | (35,211) | (34,845)
Net unrealized investments gains | 0 | (5,732)
Other investment adjustments and impairments | (20,068) | (18,134)
Intangible assets | (51,993) | (52,722)
Equalization reserves | (2,530) | (2,365)
Acquisition adjustments | (72,351) | (79,464)
Lloyd’s deferred year of account results | (34,068) | (5,114)
Other deferred tax liabilities | (7,029) | (10,004)
Deferred tax liabilities | (223,250) | (208,380)
Net deferred tax assets (liabilities) | $ 108,220 | $ 12,860

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