Seismic evaluation and financial risk analysis of typical low rise reinforced concrete frames are performed. The
financial risk assessment is determined on the basis of results of incremental dynamic analysis (IDA) of reinforced
concrete frames analyzed using nonlinear time history analyses on IDARC platform with a suite of 20 ground
motion records used by Vamvatsikos and Cornell (2002) for mid-rise buildings. Three frames were analyzed
with capacity design concepts taking into account shear capacity, flexural capacity and contribution from floor
reinforcement to beams. Maximum inter-story drift ratios obtained from time-history analyses are plotted
against ground motion intensities. Results are statistically interpreted to develop cumulative distribution functions
for frames. Fragility curves are plotted for HAZUS damage states of conventional structures. Fragility curves
thus drawn are used to estimate the expected annual loss (EAL) of low rise RC frames using quadruple integral
formula based on probabilistic financial risk assessment framework.