UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2011 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: KEMPER CORPORATION Address: One East Wacker Drive, 9th Floor Chicago, IL 60601 13F File Number: 028-02715 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Richard Roeske Title: Vice President Phone: 312-661-4600 Signature, Place, and Date of Signing: /s/ Richard Roeske Chicago, IL November 04, 2011 KEMPER CORPORATION FORMERLY REPORTED UNDER THE NAME UNITRIN INC. Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 42 Form 13F Information Table Value Total: $187,257 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. No. 13F File Number Name 01 028-00121 TRINITY UNIVERSAL INSURANCE COMPANY FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ABBOTT LABS COM 002824100 3068 60000 SH OTHER 01 60000 ABITIBIBOWATER INC COM NEW 003687209 51 3404 SH DEFINED 3404 AIR PRODS & CHEMS INC COM 009158106 916 12000 SH OTHER 01 12000 ALTRIA GROUP INC COM 02209S103 3217 120000 SH OTHER 01 120000 AUTOMATIC DATA PROCESSING IN COM 053015103 1650 35000 SH OTHER 01 35000 BANK OF AMERICA CORPORATION 7.25%CNV PFD L 060505682 191 250 SH DEFINED 01 250 BARCLAYS BANK PLC ADS7.75%PFD S4 06739H511 1765 80000 SH DEFINED 80000 BARCLAYS BANK PLC ADS7.75%PFD S4 06739H511 15883 720000 SH DEFINED 720000 BLACKROCK INC COM 09247X101 562 3800 SH OTHER 01 3800 CATERPILLAR INC DEL COM 149123101 2658 36000 SH OTHER 01 36000 CHEVRON CORP NEW COM 166764100 6018 65000 SH OTHER 01 65000 CIT GROUP INC COM NEW 125581801 185 6099 SH DEFINED 6099 CIT GROUP INC COM NEW 125581801 28 927 SH DEFINED 927 COCA COLA CO COM 191216100 6756 100000 SH OTHER 01 100000 CONOCOPHILLIPS COM 20825C104 3483 55000 SH OTHER 01 55000 DISNEY WALT CO COM DISNEY 254687106 151 5000 SH OTHER 01 5000 ENTERPRISE PRODS PARTNERS L COM 293792107 3011 75000 SH OTHER 01 75000 EXXON MOBIL CORP COM 30231G102 7989 110000 SH OTHER 01 110000 FIFTH STREET FINANCE CORP COM 31678A103 6866 736689 SH DEFINED 01 736689 FREEPORT-MCMORAN COPPER & GO COM 35671D857 1827 60000 SH OTHER 01 60000 INTEL CORP COM 458140100 1600 75000 SH OTHER 01 75000 INTERNATIONAL BUSINESS MACHS COM 459200101 4022 23000 SH OTHER 01 23000 ISHARES TR IBOXX INV CPBD 464287242 5054 45000 SH DEFINED 45000 ISHARES TR IBOXX INV CPBD 464287242 60647 540000 SH DEFINED 540000 JOHNSON & JOHNSON COM 478160104 4140 65000 SH OTHER 01 65000 JPMORGAN CHASE & CO COM 46625H100 1928 64000 SH OTHER 01 64000 KRAFT FOODS INC CL A 50075N104 2854 85000 SH OTHER 01 85000 MCDONALDS CORP COM 580135101 4654 53000 SH OTHER 01 53000 MERCK & CO INC NEW COM 58933Y105 2289 70000 SH OTHER 01 70000 NRG ENERGY INC COM NEW 629377508 3 118 SH DEFINED 118 OCCIDENTAL PETE CORP DEL COM 674599105 2324 32500 SH OTHER 01 32500 PEPSICO INC COM 713448108 2786 45000 SH OTHER 01 45000 PHILIP MORRIS INTL INC COM 718172109 7486 120000 SH OTHER 01 120000 PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 3830 65000 SH OTHER 01 65000 PRAXAIR INC COM 74005P104 1683 18000 SH OTHER 01 18000 PROCTER & GAMBLE CO COM 742718109 3816 60400 SH OTHER 01 60400 TARGET CORP COM 87612E106 2060 42000 SH OTHER 01 42000 TEXAS INSTRS INC COM 882508104 1333 50000 SH OTHER 01 50000 TIME WARNER CABLE INC COM 88732J207 577 9200 SH OTHER 01 9200 WAL MART STORES INC COM 931142103 2232 43000 SH OTHER 01 43000 WALGREEN CO COM 931422109 2138 65000 SH OTHER 01 65000 WILLIAMS PARTNERS L P COM UNIT L P 96950F104 3526 65000 SH OTHER 01 65000