# EDGAR Filing Document

**Accession Number:** 0001575298
**File Stem:** 0001193125-23-032909
**Filing Date:** 2023-2
**Character Count:** 17755
**Document Hash:** a7964eef2da49bb9b5f167f438fa5c21
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-032909.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0001193125-23-032909

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230210

**DATE AS OF CHANGE**: 20230210

**GROUP MEMBERS**: FAYEZ SAROFIM & CO.

**GROUP MEMBERS**: SAROFIM INTERNATIONAL MANAGEMENT CO.

**SUBJECT COMPANY**: 

**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:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-41003
- **FILM NUMBER:** 23613623

**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
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sarofim Christopher Binyon
- **CENTRAL INDEX KEY:** 0001575298

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**MAIL ADDRESS:**
- **STREET 1:** 200 EAST RANDOLPH STREET
- **STREET 2:** SUITE 3300
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60601

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**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, DC 20549** 

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**SCHEDULE 13G/A** 

**Under the Securities Exchange Act of 1934** 

**(Amendment No. 31)\*** 

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## Kemper Corporation
**(Name of issuer)** 

**Common Stock, $0.10 par value** 

**(Title of class of securities)** 

**48840110-0** 

**(CUSIP number)** 

**December 31, 2022** 

**(Date of event which requires filing of this statement)** 

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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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(1) &nbsp;&nbsp;&nbsp;&nbsp; Name of reporting persons &nbsp;&nbsp;&nbsp;&nbsp; I.R.S.
Identification Nos. of above persons (entities only) &nbsp;&nbsp;&nbsp;&nbsp; Christopher B.
Sarofim

(2) &nbsp;&nbsp;&nbsp;&nbsp; Check the appropriate box
if a member of a group (see instructions) &nbsp;&nbsp;&nbsp;&nbsp; (a) ☐ (b) ☒

(3) &nbsp;&nbsp;&nbsp;&nbsp; SEC use only

(4) &nbsp;&nbsp;&nbsp;&nbsp; Citizenship or place of
organization &nbsp;&nbsp;&nbsp;&nbsp; U.S.A.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Number of<br> shares<br> &nbsp;&nbsp;&nbsp;&nbsp;beneficially <br> owned by<br> each<br> reporting<br> person<br> with | &nbsp;&nbsp;&nbsp;&nbsp;(5) | &nbsp;&nbsp;&nbsp;&nbsp;Sole voting power<br>&nbsp;&nbsp;&nbsp;&nbsp;2,484,968  |
| &nbsp;&nbsp;&nbsp; Number of<br> shares<br> &nbsp;&nbsp;&nbsp;&nbsp;beneficially <br> owned by<br> each<br> reporting<br> person<br> with | (6) | &nbsp;&nbsp;&nbsp;&nbsp;Shared voting power<br>&nbsp;&nbsp;&nbsp;&nbsp;980,761 |
| &nbsp;&nbsp;&nbsp; Number of<br> shares<br> &nbsp;&nbsp;&nbsp;&nbsp;beneficially <br> owned by<br> each<br> reporting<br> person<br> with | (7) | &nbsp;&nbsp;&nbsp;&nbsp;Sole dispositive power<br>&nbsp;&nbsp;&nbsp;&nbsp;2,484,968  |
| &nbsp;&nbsp;&nbsp; Number of<br> shares<br> &nbsp;&nbsp;&nbsp;&nbsp;beneficially <br> owned by<br> each<br> reporting<br> person<br> with | (8) | &nbsp;&nbsp;&nbsp;&nbsp;Shared dispositive power<br>&nbsp;&nbsp;&nbsp;&nbsp;1,003,089 |

---

(9) &nbsp;&nbsp;&nbsp;&nbsp; Aggregate amount beneficially owned by each reporting person &nbsp;&nbsp;&nbsp;&nbsp; 3,488,057

(10) &nbsp;&nbsp;&nbsp;&nbsp; Check box if the aggregate
amount in Row (9) excludes certain shares (see instructions) &nbsp;&nbsp;&nbsp;&nbsp; ☐

(11) &nbsp;&nbsp;&nbsp;&nbsp; Percent of class
represented by amount in Row (9) &nbsp;&nbsp;&nbsp;&nbsp; 5.5%

(12) &nbsp;&nbsp;&nbsp;&nbsp; Type of reporting person
(see instructions) &nbsp;&nbsp;&nbsp;&nbsp; IN

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(1) &nbsp;&nbsp;&nbsp;&nbsp; Name of reporting persons &nbsp;&nbsp;&nbsp;&nbsp; I.R.S.
Identification Nos. of above persons (entities only) &nbsp;&nbsp;&nbsp;&nbsp; Fayez Sarofim
& Co. &nbsp;&nbsp;&nbsp;&nbsp; 74-1312679

(2) &nbsp;&nbsp;&nbsp;&nbsp; Check the appropriate box
if a member of a group (see instructions) &nbsp;&nbsp;&nbsp;&nbsp; (a) ☐ (b) ☒

(3) &nbsp;&nbsp;&nbsp;&nbsp; SEC use only

(4) &nbsp;&nbsp;&nbsp;&nbsp; Citizenship or place of
organization &nbsp;&nbsp;&nbsp;&nbsp; Texas

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Number of<br> shares<br> &nbsp;&nbsp;&nbsp;&nbsp;beneficially <br> owned by<br> each<br> reporting<br> person<br> with | &nbsp;&nbsp;&nbsp;&nbsp;(5) | &nbsp;&nbsp;&nbsp;&nbsp;Sole voting power<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp; Number of<br> shares<br> &nbsp;&nbsp;&nbsp;&nbsp;beneficially <br> owned by<br> each<br> reporting<br> person<br> with | (6) | &nbsp;&nbsp;&nbsp;&nbsp;Shared voting power<br>&nbsp;&nbsp;&nbsp;&nbsp;980,761 |
| &nbsp;&nbsp;&nbsp; Number of<br> shares<br> &nbsp;&nbsp;&nbsp;&nbsp;beneficially <br> owned by<br> each<br> reporting<br> person<br> with | (7) | &nbsp;&nbsp;&nbsp;&nbsp;Sole dispositive power<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp; Number of<br> shares<br> &nbsp;&nbsp;&nbsp;&nbsp;beneficially <br> owned by<br> each<br> reporting<br> person<br> with | (8) | &nbsp;&nbsp;&nbsp;&nbsp;Shared dispositive power<br>&nbsp;&nbsp;&nbsp;&nbsp;1,003,089 |

---

(9) &nbsp;&nbsp;&nbsp;&nbsp; Aggregate amount beneficially owned by each reporting person &nbsp;&nbsp;&nbsp;&nbsp; 1,003,089

(10) &nbsp;&nbsp;&nbsp;&nbsp; Check box if the aggregate
amount in Row (9) excludes certain shares (see instructions) &nbsp;&nbsp;&nbsp;&nbsp; ☐

(11) &nbsp;&nbsp;&nbsp;&nbsp; Percent of class
represented by amount in Row (9) &nbsp;&nbsp;&nbsp;&nbsp; 1.6%

(12) &nbsp;&nbsp;&nbsp;&nbsp; Type of reporting person
(see instructions) &nbsp;&nbsp;&nbsp;&nbsp; IA, CO

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(1) &nbsp;&nbsp;&nbsp;&nbsp; Name of reporting persons &nbsp;&nbsp;&nbsp;&nbsp; I.R.S.
Identification Nos. of above persons (entities only) &nbsp;&nbsp;&nbsp;&nbsp; Sarofim
International Management Co. &nbsp;&nbsp;&nbsp;&nbsp; 76-0418292

(2) &nbsp;&nbsp;&nbsp;&nbsp; Check the appropriate box
if a member of a group (see instructions) &nbsp;&nbsp;&nbsp;&nbsp; (a) ☐ (b) ☒

(3) &nbsp;&nbsp;&nbsp;&nbsp; SEC use only

(4) &nbsp;&nbsp;&nbsp;&nbsp; Citizenship or place of
organization &nbsp;&nbsp;&nbsp;&nbsp; TX

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; Number of<br> shares<br> &nbsp;&nbsp;&nbsp;&nbsp;beneficially <br> owned by<br> each<br> reporting<br> person<br> with | &nbsp;&nbsp;&nbsp;&nbsp;(5) | &nbsp;&nbsp;&nbsp;&nbsp;Sole voting power<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp; Number of<br> shares<br> &nbsp;&nbsp;&nbsp;&nbsp;beneficially <br> owned by<br> each<br> reporting<br> person<br> with | (6) | &nbsp;&nbsp;&nbsp;&nbsp;Shared voting power<br>&nbsp;&nbsp;&nbsp;&nbsp;725,020 |
| &nbsp;&nbsp;&nbsp; Number of<br> shares<br> &nbsp;&nbsp;&nbsp;&nbsp;beneficially <br> owned by<br> each<br> reporting<br> person<br> with | (7) | &nbsp;&nbsp;&nbsp;&nbsp;Sole dispositive power<br>|
| &nbsp;&nbsp;&nbsp; Number of<br> shares<br> &nbsp;&nbsp;&nbsp;&nbsp;beneficially <br> owned by<br> each<br> reporting<br> person<br> with | (8) | &nbsp;&nbsp;&nbsp;&nbsp;Shared dispositive power<br>&nbsp;&nbsp;&nbsp;&nbsp;725,020 |

---

(9) &nbsp;&nbsp;&nbsp;&nbsp; Aggregate amount beneficially owned by each reporting person &nbsp;&nbsp;&nbsp;&nbsp; 725,020

(10) &nbsp;&nbsp;&nbsp;&nbsp; Check box if the aggregate
amount in Row (9) excludes certain shares (see instructions) &nbsp;&nbsp;&nbsp;&nbsp; ☐

(11) &nbsp;&nbsp;&nbsp;&nbsp; Percent of class
represented by amount in Row (9) &nbsp;&nbsp;&nbsp;&nbsp; 1.1%

(12) &nbsp;&nbsp;&nbsp;&nbsp; Type of reporting person
(see instructions) &nbsp;&nbsp;&nbsp;&nbsp; IA, CO

------

Item 1. (a). Name of Issuer:

Kemper Corporation (formerly known as Unitrin, Inc.)

(b). Address of Issuer's Principal Executive Offices:

One East Wacker Drive

Chicago, Illinois 60601

Item 2. (a) – (c) Name, Principal Business Address, and Citizenship of Persons Filing:

Fayez Sarofim & Co. – Texas

Christopher B. Sarofim – U.S.A.

Sarofim International Management Co. - Texas

Two Houston Center, Suite 2907

909 Fannin Street

Houston, Texas 77010

(d). Title of Class of Securities:

Common stock, $0.10 par value

(e). CUSIP Number:

48840110-0

Item 3. If This Statement is filed pursuant to ss.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a <br>

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| | | |
|:---|:---|:---|
| (a) | ☐ | Broker or dealer registered under Section 15 of the Exchange Act (15 U.S.C. 78c). |
| (b) | ☐ | Bank as defined in Section 3(a) (6) of the Exchange Act (15 U.S.C. 78c). |
| (c) | ☐ | Insurance company as defined in Section 3(a) (19) of the Exchange Act (15 U.S.C. 78c). |
| (d) | ☐ | Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). |
| (e) | ☐ | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); |
| (f) | ☐ | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); |
| (g) | ☐ | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); |
| (h) | ☐ | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813); |
| (i) | ☐ | A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
| (j) | ☐ | Group, in accordance with s.240.13d-1(b) (1) (ii) (J). |

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Item 4. Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Amount beneficially owned:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) 278,069 shares are held in investment advisory accounts managed by Fayez Sarofim & Co. for numerous
clients. Pursuant to its investment advisory contract with its clients, Fayez Sarofim & Co. has full investment discretion with respect to such investment advisory accounts. However, Fayez Sarofim & Co. is not the record owner of
any of such shares as such shares are held of record by the respective clients or by trustees or custodians for such clients. The clients are entitled to the economic benefits (dividend payments and sales proceeds) of ownership of such shares. Each
client also has the right to terminate its investment advisory relationship with Fayez Sarofim & Co. at any time. Because Fayez Sarofim & Co. has power to dispose, or to direct the disposition of, such shares, it may be deemed to
be the beneficial owner of these shares for the purposes of the Rule 13d-3 under the Securities Exchange Act of 1934. Because Christopher B. Sarofim is the Chairman of the Board, a director and owner of a
majority of the outstanding capital stock on an indirect basis of Fayez Sarofim & Co., he may also be deemed to be an indirect beneficial owner of these shares for the purposes of Rule 13d-3.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) 725,020 shares are owned directly by Sarofim International Management Company for its own account. Because
Sarofim International Management Company is a wholly owned subsidiary of Fayez Sarofim & Co. and Mr. Sarofim is a controlling person of Fayez Sarofim & Co., each of Fayez Sarofim & Co. and Mr. Sarofim may be deemed to be
an indirect beneficial owner of these shares for the purposes of Rule 13d-3.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) 2,469,070 shares are owned of record by a trust. Mr. Sarofim is the trustee of the trust and in that capacity
may be considered to beneficially own such shares. Fayez Sarofim & Co. has no beneficial ownership of these shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) 15,898 shares are owned by Mr. Sarofim in his individual capacity. Certain of these shares are subject to
vesting instructions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Percent of class:

Fayez Sarofim & Co. – 1.6%

Sarofim International Management Company – 1.1%

Mr. Sarofim – 5.5%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Number of shares as to which the person has:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Sole power to vote or to direct the vote :

Fayez Sarofim & Co. – 0

Sarofim International Management Company – 0

Mr. Sarofim – 2,484,968

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Shared power to vote or to direct the vote:

Fayez Sarofim & Co. – 980,761

Sarofim International Management Company – 725,020

Mr. Sarofim – 980,761

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Sole power to dispose or to direct the disposition of:

Fayez Sarofim & Co. – 0

Sarofim International Management Company – 0

Mr. Sarofim – 2,484,968

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Shared power to dispose or to direct the disposition of:

Fayez Sarofim & Co. – 1,003,089

Sarofim International Management Company – 725,020

Mr. Sarofim – 1,003,089

Item 5. Ownership of Five Percent or Less of a Class. <br>

Not Applicable.

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Item 6. Ownership of More Than Five Percent on Behalf of Another Person. <br>

With respect to securities held in accounts managed by Fayez Sarofim & Co. or held in accounts managed by Sarofim International Management Company, clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities. No one client has such right with respect to more than five percent of the Class.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

As indicated in Item 3, Mr. Sarofim is Chairman of the Board, a director and owner of a majority of the outstanding capital stock of Fayez Sarofim & Co. and may be considered a parent holding company of Fayez Sarofim & Co. Fayez Sarofim & Co. is an Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940.

Item 8. Identification and Classification of Members of the Group.

Not Applicable.

Item 9. Notice of Dissolution of Group.

Not Applicable.

Item 10. Certification.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The following certification shall be included if the statement is filed pursuant to §240.13d-1(b).

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The following certification shall be included if the statement is filed pursuant to §240.13d-1(c):

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

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SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

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| |
|:---|
| February 9, 2023 |
| (Date) |
| /s/ Christopher B. Sarofim\* |
| (Signature) |
| Sarofim International Management Co.<br>By: /s/ Michele Gibbons |
| (Signature) |
| General Counsel |
| (Name/Title) |
| Fayez Sarofim & Co.\* |
| By: /s/ Michele Gibbons |
| (Signature) |
| General Counsel |
| (Name/Title) |

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\* The Reporting Persons disclaim beneficial ownership in the shares reported herein except to the extent of their pecuniary interest therein.

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JOINT FILING AGREEMENT

The undersigned agree that this Schedule 13G/A dated January 31, 2020 relating to the Common Stock of Kemper Corporation shall be filed on behalf of the undersigned.

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| |
|:---|
| February 9, 2023 |
| (Date) |
| /s/ Christopher B. Sarofim\* |
| (Signature) |
| Sarofim International Management Co.\*<br>By: /s/ Michele Gibbons |
| (Signature) |
| General Counsel |
| (Name/Title) |
| Fayez Sarofim & Co.\* |
| By: /s/ Michele Gibbons |
| (Signature) |
| General Counsel |
| (Name/Title) |

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\* The Reporting Persons disclaim beneficial ownership in the shares reported herein except to the extent of their pecuniary interest therein.