UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 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 February 06, 2012 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: 43 Form 13F Information Table Value Total: $201,221 (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 3374 60000 SH OTHER 01 0 60000 0 ABITIBIBOWATER INC COM NEW 003687209 50 3404 SH DEFINED 3404 0 0 AIR PRODS & CHEMS INC COM 009158106 1022 12000 SH OTHER 01 0 12000 0 ALTRIA GROUP INC COM 02209S103 3558 120000 SH OTHER 01 0 120000 0 AUTOMATIC DATA PROCESSING IN COM 053015103 1890 35000 SH OTHER 01 0 35000 0 BANK OF AMERICA CORPORATION 7.25%CNV PFD L 060505682 197 250 SH DEFINED 01 250 0 0 BARCLAYS BANK PLC ADS7.75%PFD S4 06739H511 1686 80000 SH DEFINED 80000 0 0 BARCLAYS BANK PLC ADS7.75%PFD S4 06739H511 15178 720000 SH DEFINED 720000 0 0 BLACKROCK INC COM 09247X101 1016 5700 SH OTHER 01 0 5700 0 CATERPILLAR INC DEL COM 149123101 3262 36000 SH OTHER 01 0 36000 0 CHEVRON CORP NEW COM 166764100 6916 65000 SH OTHER 01 0 65000 0 CIT GROUP INC COM NEW 125581801 32 927 SH DEFINED 927 0 0 CIT GROUP INC COM NEW 125581801 213 6099 SH DEFINED 6099 0 0 COCA COLA CO COM 191216100 6997 100000 SH OTHER 01 0 100000 0 CONOCOPHILLIPS COM 20825C104 4008 55000 SH OTHER 01 0 55000 0 DISNEY WALT CO COM DISNEY 254687106 188 5000 SH OTHER 01 0 5000 0 ENTERPRISE PRODS PARTNERS L COM 293792107 3479 75000 SH OTHER 01 0 75000 0 EXXON MOBIL CORP COM 30231G102 9324 110000 SH OTHER 01 0 110000 0 FIFTH STREET FINANCE CORP COM 31678A103 7050 736689 SH DEFINED 01 736689 0 0 FREEPORT-MCMORAN COPPER & GO COM 35671D857 2207 60000 SH OTHER 01 0 60000 0 INTEL CORP COM 458140100 1819 75000 SH OTHER 01 0 75000 0 INTERNATIONAL BUSINESS MACHS COM 459200101 4229 23000 SH OTHER 01 0 23000 0 ISHARES TR IBOXX INV CPBD 464287242 5119 45000 SH DEFINED 45000 0 0 ISHARES TR IBOXX INV CPBD 464287242 61430 540000 SH DEFINED 540000 0 0 JOHNSON & JOHNSON COM 478160104 4263 65000 SH OTHER 01 0 65000 0 JPMORGAN CHASE & CO COM 46625H100 2128 64000 SH OTHER 01 0 64000 0 KRAFT FOODS INC CL A 50075N104 3176 85000 SH OTHER 01 0 85000 0 MCDONALDS CORP COM 580135101 5317 53000 SH OTHER 01 0 53000 0 MERCK & CO INC NEW COM 58933Y105 2639 70000 SH OTHER 01 0 70000 0 NRG ENERGY INC COM NEW 629377508 2 118 SH DEFINED 118 0 0 OCCIDENTAL PETE CORP DEL COM 674599105 3045 32500 SH OTHER 01 0 32500 0 PEPSICO INC COM 713448108 2986 45000 SH OTHER 01 0 45000 0 PHILIP MORRIS INTL INC COM 718172109 9418 120000 SH OTHER 01 0 120000 0 PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 4774 65000 SH OTHER 01 0 65000 0 PRAXAIR INC COM 74005P104 1924 18000 SH OTHER 01 0 18000 0 PROCTER & GAMBLE CO COM 742718109 4029 60400 SH OTHER 01 0 60400 0 TARGET CORP COM 87612E106 2151 42000 SH OTHER 01 0 42000 0 TEXAS INSTRS INC COM 882508104 1456 50000 SH OTHER 01 0 50000 0 TIME WARNER CABLE INC COM 88732J207 795 12500 SH OTHER 01 0 12500 0 UNITED TECHNOLOGIES CORP COM 913017109 256 3500 SH OTHER 01 0 3500 0 WAL MART STORES INC COM 931142103 2570 43000 SH OTHER 01 0 43000 0 WALGREEN CO COM 931422109 2149 65000 SH OTHER 01 0 65000 0 WILLIAMS PARTNERS L P COM UNIT L P 96950F104 3899 65000 SH OTHER 01 0 65000 0