<SEC-DOCUMENT>0000860748-19-000041.txt : 20190214
<SEC-HEADER>0000860748-19-000041.hdr.sgml : 20190214
<ACCEPTANCE-DATETIME>20190214171645
ACCESSION NUMBER:		0000860748-19-000041
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20181231
FILED AS OF DATE:		20190214
DATE AS OF CHANGE:		20190214
EFFECTIVENESS DATE:		20190214

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:		19608297

	BUSINESS ADDRESS:	
		STREET 1:		200 E. RANDOLPH ST.
		STREET 2:		SUITE 3300
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60601
		BUSINESS PHONE:		3126614600

	MAIL ADDRESS:	
		STREET 1:		200 E. RANDOLPH ST.
		STREET 2:		SUITE 3300
		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>
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  <headerData>
    <submissionType>13F-HR</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <flags>
        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>false</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
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      <filer>
        <credentials>
          <cik>0000860748</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
      </filer>
      <periodOfReport>12-31-2018</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <reportCalendarOrQuarter>12-31-2018</reportCalendarOrQuarter>
      <filingManager>
        <name>KEMPER Corp</name>
        <address>
          <com:street1>200 E. RANDOLPH ST.</com:street1>
          <com:street2>SUITE 3300</com:street2>
          <com:city>CHICAGO</com:city>
          <com:stateOrCountry>IL</com:stateOrCountry>
          <com:zipCode>60601</com:zipCode>
        </address>
      </filingManager>
      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-02715</form13FFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Richard Roeske</name>
      <title>VP</title>
      <phone>312-661-4600</phone>
      <signature>Richard Roeske</signature>
      <city>Chicago</city>
      <stateOrCountry>IL</stateOrCountry>
      <signatureDate>02-14-2019</signatureDate>
    </signatureBlock>
    <summaryPage>
      <otherIncludedManagersCount>2</otherIncludedManagersCount>
      <tableEntryTotal>28</tableEntryTotal>
      <tableValueTotal>431780</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>
            <form13FFileNumber>028-18134</form13FFileNumber>
            <name>ALLIANCE UNITED INSURANCE CO</name>
          </otherManager>
        </otherManager2>
      </otherManagers2Info>
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<TYPE>INFORMATION TABLE
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    <nameOfIssuer>ARCONIC INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>03965L100</cusip>
    <value>29</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1710</sshPrnamt>
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      <Sole>1710</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>CAPITALA FIN CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>14054R106</cusip>
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    <shrsOrPrnAmt>
      <sshPrnamt>228737</sshPrnamt>
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      <None>0</None>
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    <titleOfClass>COM</titleOfClass>
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    <shrsOrPrnAmt>
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    <value>14097</value>
    <shrsOrPrnAmt>
      <sshPrnamt>248359</sshPrnamt>
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    <value>15609</value>
    <shrsOrPrnAmt>
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  <infoTable>
    <nameOfIssuer>ISHARES TR</nameOfIssuer>
    <titleOfClass>RUS 1000 ETF</titleOfClass>
    <cusip>464287622</cusip>
    <value>4534</value>
    <shrsOrPrnAmt>
      <sshPrnamt>32694</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <otherManager>2</otherManager>
    <votingAuthority>
      <Sole>32694</Sole>
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      <None>0</None>
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  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR</nameOfIssuer>
    <titleOfClass>CORE MSCI TOTAL</titleOfClass>
    <cusip>46432F834</cusip>
    <value>68890</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1311432</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>1311432</Sole>
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      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES INC</nameOfIssuer>
    <titleOfClass>CORE MSCI EMKT</titleOfClass>
    <cusip>46434G103</cusip>
    <value>29310</value>
    <shrsOrPrnAmt>
      <sshPrnamt>621625</sshPrnamt>
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  <infoTable>
    <nameOfIssuer>ISHARES TR</nameOfIssuer>
    <titleOfClass>CORE MSCI INTL</titleOfClass>
    <cusip>46435G326</cusip>
    <value>20795</value>
    <shrsOrPrnAmt>
      <sshPrnamt>425689</sshPrnamt>
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    <titleOfClass>COM NEW</titleOfClass>
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    <titleOfClass>COM</titleOfClass>
    <cusip>76117W109</cusip>
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      <sshPrnamt>4425</sshPrnamt>
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    <cusip>949746804</cusip>
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    <shrsOrPrnAmt>
      <sshPrnamt>1100</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
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      <Sole>1100</Sole>
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      <None>0</None>
    </votingAuthority>
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