SUMMARY
Non‐ductile reinforced concrete buildings represent a prevalent construction type found in many parts of the world. Due to the seismic vulnerability of such buildings, in areas of high seismic activity non‐ductile reinforced concrete buildings pose a significant threat to the safety of the occupants and damage to such structures can result in large financial losses. This paper introduces advanced analytical models that can be used to simulate the nonlinear dynamic response of these structural systems, including collapse. The state‐of‐the‐art loss simulation procedure developed for new buildings is extended to estimate the expected losses of existing non‐ductile concrete buildings considering their vulnerability to collapse. Three criteria for collapse, namely first component failure, side‐sway collapse, and gravity‐load collapse, are considered in determining the probability of collapse and the assessment of financial losses. A detailed example is presented using a seven‐story non‐ductile reinforced concrete frame building located in the Los Angeles, California. Copyright © 2012 John Wiley & Sons, Ltd.