<SEC-DOCUMENT>0001085146-14-000294.txt : 20140207
<SEC-HEADER>0001085146-14-000294.hdr.sgml : 20140207
<ACCEPTANCE-DATETIME>20140206212148
ACCESSION NUMBER:		0001085146-14-000294
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20131231
FILED AS OF DATE:		20140207
DATE AS OF CHANGE:		20140206
EFFECTIVENESS DATE:		20140207

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KEMPER Corp
		CENTRAL INDEX KEY:			0000860748
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				954255452
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-02715
		FILM NUMBER:		14581710

	BUSINESS ADDRESS:	
		STREET 1:		ONE EAST WACKER DRIVE
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60601
		BUSINESS PHONE:		3126614600

	MAIL ADDRESS:	
		STREET 1:		ONE EAST WACKER DRIVE
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60601

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNITRIN INC
		DATE OF NAME CHANGE:	19930328
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xsi:schemaLocation="http://www.sec.gov/edgar/thirteenffiler eis_13F_Filer.xsd" xmlns="http://www.sec.gov/edgar/thirteenffiler" xmlns:ns1="http://www.sec.gov/edgar/common" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <headerData>
    <submissionType>13F-HR</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <flags>
        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>true</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
      </flags>
      <filer>
        <credentials>
          <cik>0000860748</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
      </filer>
      <periodOfReport>12-31-2013</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <reportCalendarOrQuarter>12-31-2013</reportCalendarOrQuarter>
      <filingManager>
        <name>KEMPER Corp</name>
        <address>
          <ns1:street1>ONE EAST WACKER DRIVE</ns1:street1>
          <ns1:city>CHICAGO</ns1:city>
          <ns1:stateOrCountry>IL</ns1:stateOrCountry>
          <ns1:zipCode>60601</ns1:zipCode>
        </address>
      </filingManager>
      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-02715</form13FFileNumber>
      <provideInfoForInstruction5>Y</provideInfoForInstruction5>
      <additionalInformation>KEMPER CORPORATION FORMERLY REPORTED UNDER THE NAME UNITRIN INC.</additionalInformation>
    </coverPage>
    <signatureBlock>
      <name>Richard Roeske</name>
      <title>Vice President</title>
      <phone>312-661-4600</phone>
      <signature>/s/ Richard Roeske</signature>
      <city>Chicago</city>
      <stateOrCountry>IL</stateOrCountry>
      <signatureDate>02-04-2014</signatureDate>
    </signatureBlock>
    <summaryPage>
      <otherIncludedManagersCount>2</otherIncludedManagersCount>
      <tableEntryTotal>58</tableEntryTotal>
      <tableValueTotal>305094</tableValueTotal>
      <isConfidentialOmitted>false</isConfidentialOmitted>
      <otherManagers2Info>
        <otherManager2>
          <sequenceNumber>1</sequenceNumber>
          <otherManager>
            <cik>0000314998</cik>
            <form13FFileNumber>028-00121</form13FFileNumber>
            <name>TRINITY UNIVERSAL INSURANCE CO</name>
          </otherManager>
        </otherManager2>
        <otherManager2>
          <sequenceNumber>2</sequenceNumber>
          <otherManager>
            <cik>0000101285</cik>
            <form13FFileNumber>028-00117</form13FFileNumber>
            <name>UNITED INSURANCE CO OF AMERICA</name>
          </otherManager>
        </otherManager2>
      </otherManagers2Info>
    </summaryPage>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>INFORMATION TABLE
<SEQUENCE>2
<FILENAME>form13fInfoTable.xml
<DESCRIPTION>DESCRIPTION FOR INFORMATION TABLE
<TEXT>
<XML>
<?xml version="1.0"?>
<informationTable xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"><infoTable><nameOfIssuer>ABBOTT LABS</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>002824100</cusip><value>2300</value><shrsOrPrnAmt><sshPrnamt>60000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>60000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ABBVIE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>00287Y109</cusip><value>3169</value><shrsOrPrnAmt><sshPrnamt>60000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>60000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AIR PRODS &amp; CHEMS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>009158106</cusip><value>1341</value><shrsOrPrnAmt><sshPrnamt>12000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>12000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ALTRIA GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>02209S103</cusip><value>4607</value><shrsOrPrnAmt><sshPrnamt>120000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>120000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>APPLE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>037833100</cusip><value>1346</value><shrsOrPrnAmt><sshPrnamt>2400</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>2400</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>AUTOMATIC DATA PROCESSING IN</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>053015103</cusip><value>2828</value><shrsOrPrnAmt><sshPrnamt>35000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>35000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BANK OF AMERICA CORPORATION</nameOfIssuer><titleOfClass>7.25%CNV PFD L</titleOfClass><cusip>060505682</cusip><value>265</value><shrsOrPrnAmt><sshPrnamt>250</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>250</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BARCLAYS BANK PLC</nameOfIssuer><titleOfClass>ADS7.75%PFD S4</titleOfClass><cusip>06739H511</cusip><value>13172</value><shrsOrPrnAmt><sshPrnamt>520000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>2</otherManager><votingAuthority><Sole>520000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>BLACKROCK INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>09247X101</cusip><value>2057</value><shrsOrPrnAmt><sshPrnamt>6500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>6500</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CANADIAN PAC RY LTD</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>13645T100</cusip><value>1044</value><shrsOrPrnAmt><sshPrnamt>6900</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>6900</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CAPITALA FIN CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>14054R106</cusip><value>4288</value><shrsOrPrnAmt><sshPrnamt>215476</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>215476</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CATERPILLAR INC DEL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>149123101</cusip><value>2815</value><shrsOrPrnAmt><sshPrnamt>31000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>31000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CHEVRON CORP NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>166764100</cusip><value>8119</value><shrsOrPrnAmt><sshPrnamt>65000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>65000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CIT GROUP INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>125581801</cusip><value>48</value><shrsOrPrnAmt><sshPrnamt>927</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>927</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CIT GROUP INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>125581801</cusip><value>318</value><shrsOrPrnAmt><sshPrnamt>6099</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>6099</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COCA COLA CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>191216100</cusip><value>8262</value><shrsOrPrnAmt><sshPrnamt>200000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>200000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>COMCAST CORP NEW</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>20030N101</cusip><value>1819</value><shrsOrPrnAmt><sshPrnamt>35000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>35000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>CONOCOPHILLIPS</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>20825C104</cusip><value>3886</value><shrsOrPrnAmt><sshPrnamt>55000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>55000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DIAGEO P L C</nameOfIssuer><titleOfClass>SPON ADR NEW</titleOfClass><cusip>25243Q205</cusip><value>1536</value><shrsOrPrnAmt><sshPrnamt>11600</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>11600</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>DISNEY WALT CO</nameOfIssuer><titleOfClass>COM DISNEY</titleOfClass><cusip>254687106</cusip><value>879</value><shrsOrPrnAmt><sshPrnamt>11500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>11500</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ENTERPRISE PRODS PARTNERS L</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>293792107</cusip><value>4973</value><shrsOrPrnAmt><sshPrnamt>75000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>75000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>EXXON MOBIL CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>30231G102</cusip><value>11132</value><shrsOrPrnAmt><sshPrnamt>110000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>110000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FIFTH STR SR FLOATNG RATE CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>31679F101</cusip><value>5296</value><shrsOrPrnAmt><sshPrnamt>400000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>400000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>FREEPORT-MCMORAN COPPER &amp; GO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>35671D857</cusip><value>2264</value><shrsOrPrnAmt><sshPrnamt>60000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>60000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INTEL CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>458140100</cusip><value>2076</value><shrsOrPrnAmt><sshPrnamt>80000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>80000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>INTERNATIONAL BUSINESS MACHS</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>459200101</cusip><value>4314</value><shrsOrPrnAmt><sshPrnamt>23000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>23000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ISHARES</nameOfIssuer><titleOfClass>CORE S&amp;P500 ETF</titleOfClass><cusip>464287200</cusip><value>27105</value><shrsOrPrnAmt><sshPrnamt>146000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>146000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ISHARES</nameOfIssuer><titleOfClass>IBOXX INV CP ETF</titleOfClass><cusip>464287242</cusip><value>3426</value><shrsOrPrnAmt><sshPrnamt>30000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>2</otherManager><votingAuthority><Sole>30000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ISHARES</nameOfIssuer><titleOfClass>IBOXX INV CP ETF</titleOfClass><cusip>464287242</cusip><value>5138</value><shrsOrPrnAmt><sshPrnamt>45000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>45000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ISHARES</nameOfIssuer><titleOfClass>IBOXX INV CP ETF</titleOfClass><cusip>464287242</cusip><value>28547</value><shrsOrPrnAmt><sshPrnamt>250000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>250000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ISHARES</nameOfIssuer><titleOfClass>INTERM CR BD ETF</titleOfClass><cusip>464288638</cusip><value>24108</value><shrsOrPrnAmt><sshPrnamt>223467</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>223467</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>ISHARES</nameOfIssuer><titleOfClass>MSCI EAFE ETF</titleOfClass><cusip>464287465</cusip><value>16371</value><shrsOrPrnAmt><sshPrnamt>244000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>244000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>JOHNSON &amp; JOHNSON</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>478160104</cusip><value>5953</value><shrsOrPrnAmt><sshPrnamt>65000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>65000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>JPMORGAN CHASE &amp; CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>46625H100</cusip><value>3743</value><shrsOrPrnAmt><sshPrnamt>64000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>64000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>KRAFT FOODS GROUP INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>50076Q106</cusip><value>1527</value><shrsOrPrnAmt><sshPrnamt>28333</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>28333</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>LAUDER ESTEE COS INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>518439104</cusip><value>1612</value><shrsOrPrnAmt><sshPrnamt>21400</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>21400</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MCDONALDS CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>580135101</cusip><value>5143</value><shrsOrPrnAmt><sshPrnamt>53000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>53000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MERCK &amp; CO INC NEW</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>58933Y105</cusip><value>1752</value><shrsOrPrnAmt><sshPrnamt>35000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>35000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>MONDELEZ INTL INC</nameOfIssuer><titleOfClass>CL A</titleOfClass><cusip>609207105</cusip><value>3001</value><shrsOrPrnAmt><sshPrnamt>85000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>85000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NOVARTIS A G</nameOfIssuer><titleOfClass>SPONSORED ADR</titleOfClass><cusip>66987V109</cusip><value>1149</value><shrsOrPrnAmt><sshPrnamt>14300</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>14300</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>NRG ENERGY INC</nameOfIssuer><titleOfClass>COM NEW</titleOfClass><cusip>629377508</cusip><value>3</value><shrsOrPrnAmt><sshPrnamt>118</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>
		</otherManager><votingAuthority><Sole>118</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>OCCIDENTAL PETE CORP DEL</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>674599105</cusip><value>3091</value><shrsOrPrnAmt><sshPrnamt>32500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>32500</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PEPSICO INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>713448108</cusip><value>3732</value><shrsOrPrnAmt><sshPrnamt>45000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>45000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PHILIP MORRIS INTL INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>718172109</cusip><value>10456</value><shrsOrPrnAmt><sshPrnamt>120000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>120000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PHILLIPS 66</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>718546104</cusip><value>2121</value><shrsOrPrnAmt><sshPrnamt>27500</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>27500</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PLAINS ALL AMERN PIPELINE L</nameOfIssuer><titleOfClass>UNIT LTD PARTN</titleOfClass><cusip>726503105</cusip><value>6730</value><shrsOrPrnAmt><sshPrnamt>130000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>130000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>POWERSHARES ETF TRUST II</nameOfIssuer><titleOfClass>SENIOR LN PORT</titleOfClass><cusip>73936Q769</cusip><value>14928</value><shrsOrPrnAmt><sshPrnamt>600000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>2</otherManager><votingAuthority><Sole>600000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PRAXAIR INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>74005P104</cusip><value>2341</value><shrsOrPrnAmt><sshPrnamt>18000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>18000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>PROCTER &amp; GAMBLE CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>742718109</cusip><value>4917</value><shrsOrPrnAmt><sshPrnamt>60400</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>60400</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>RESOLUTE FST PRODS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>76117W109</cusip><value>71</value><shrsOrPrnAmt><sshPrnamt>4425</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>2</otherManager><votingAuthority><Sole>4425</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TARGET CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>87612E106</cusip><value>2657</value><shrsOrPrnAmt><sshPrnamt>42000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>42000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TCP CAP CORP</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>87238Q103</cusip><value>12438</value><shrsOrPrnAmt><sshPrnamt>741225</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>741225</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TEXAS INSTRS INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>882508104</cusip><value>2196</value><shrsOrPrnAmt><sshPrnamt>50000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>50000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>TIME WARNER CABLE INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>88732J207</cusip><value>1897</value><shrsOrPrnAmt><sshPrnamt>14000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>14000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>VANGUARD INTL EQUITY INDEX F</nameOfIssuer><titleOfClass>FTSE EMR MKT ETF</titleOfClass><cusip>922042858</cusip><value>5225</value><shrsOrPrnAmt><sshPrnamt>127000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>DFND</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>127000</Sole><Shared>0</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WALGREEN CO</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>931422109</cusip><value>2872</value><shrsOrPrnAmt><sshPrnamt>50000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>50000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WAL-MART STORES INC</nameOfIssuer><titleOfClass>COM</titleOfClass><cusip>931142103</cusip><value>3384</value><shrsOrPrnAmt><sshPrnamt>43000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>43000</Shared><None>0</None></votingAuthority></infoTable><infoTable><nameOfIssuer>WILLIAMS PARTNERS L P</nameOfIssuer><titleOfClass>COM UNIT L P</titleOfClass><cusip>96950F104</cusip><value>3306</value><shrsOrPrnAmt><sshPrnamt>65000</sshPrnamt><sshPrnamtType>SH</sshPrnamtType></shrsOrPrnAmt><investmentDiscretion>OTR</investmentDiscretion><otherManager>1</otherManager><votingAuthority><Sole>0</Sole><Shared>65000</Shared><None>0</None></votingAuthority></infoTable></informationTable>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
