KEMPER CORP
DEFA14A, 1994-04-21
LIFE INSURANCE
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                                SCHEDULE 14A

                  INFORMATION REQUIRED IN PROXY STATEMENT

                          SCHEDULE 14A INFORMATION
        Proxy Statement Pursuant to Section 14(a) of the Securities
                   Exchange Act of 1934 (Amendment No.  )

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/ /  Preliminary proxy statement

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/X/  Soliciting material pursuant to Rule 14a-11 or Rule 14a-12
                             KEMPER CORPORATION
__________________________________________________________________
              (Name of Registrant as Specified in Its Charter)
                             KEMPER CORPORATION
__________________________________________________________________
                 (Name of Person(s) Filing Proxy Statement)

Payment of filing fee (Check the appropriate box):

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     14a-6(j)(2).

/ /  $500 per each party to the controversy pursuant to Exchange Act
     Rule 14a-6(i)(3).

/ /  Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and
     0-11.

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/X/  Filing fee of $500 was previously paid in two payments on March 24,
1994 and March 28, 1994, the latter date when the Preliminary Proxy
Statement was filed.





April 21, 1994

FOR IMMEDIATE RELEASE



FOR MORE INFORMATION:
Janice Kalmar
708/320-4465 or
Ira Nathanson
708/320-4463



                         KEMPER CORPORATION EXPECTS
                       STRONG FIRST-QUARTER EARNINGS


     LONG GROVE, Ill. (April 21) -- Kemper Corporation (NYSE:KEM) today
announced it expects to report operating earnings from continuing
operations in excess of $.80 per share for the first quarter of 1994,
compared with $.17 per share in the first quarter of 1993.

     "These strong earnings, which in the aggregate are on target with our
corporate plan, reinforce the wisdom of our restructuring efforts and begin
to reflect the underlying earnings power of Kemper's core businesses," said
David B. Mathis, chairman and chief executive officer of Kemper
Corporation.

     Net income from continuing operations will be up significantly as
well.  The company expects first-quarter 1994 net income to be about $1.40
per share, compared with a net loss of $.38 per share in the first quarter
of 1993.

     The company expects to report first-quarter 1994 earnings in detail on
April 28.

     Kemper Corporation is a holding company with principal subsidiaries in
asset management, life insurance and securities brokerage.

Editor's note:  Earnings per share are estimated on a primary basis.







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